Briefs

REGULATORY UPDATE

Apra issues AMA paper

The Australian Prudential Regulation Authority (Apra) released a paper and draft prudential standard on the implementation and advanced measurement approaches to operational risk in early October. The discussion paper follows Apra’s release of draft Basel II standards in April and July which form part of a suite of prudential standards that are expected in 2007. The new Basel II capital adequacy regime will come into force on January 1, 2008. Written submissions on the d

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