NAB can resume risk modelling
National Australia Bank (NAB) has received approval from the Australian Prudential Regulation Authority (Apra) to resume use of its internal model for the calculation of the market risk component of risk-weighted assets.
The approval, effective on January 1, came three years after a foreign exchange options trading scandal cost the bank A$360 million ($282 million) and forced the resignation of nearly a dozen senior executives.
In the last three months of 2003, four traders in the bank had
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