Australia and Singapore lead Basel II implementation in Asia

Banks in Australia and Singapore are making good progress in implementating Basel II, largely because of their own preparations but also because of the reasonable regulatory timetables set by the Australian Prudential Regulatory Authority (Apra) and the Monetary Authority of Singapore (MAS), says Ryan Tsang, a financial services ratings credit analyst at Standard and Poor’s in Hong Kong. “Australia and Singapore are doing more and progressing faster,” he says.

But banks in Australia and Sing