Australia and Singapore leadBasel II in Asia

Banks in Australia and Singapore are making good progress towards a variety of approaches to Basel II, because of their own thorough preparations and 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.Banking systems in these terri