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Bank West aims for advanced IRB

The Australian Prudential Regulation Authority (APRA) has stated that it expects its four largest banks – ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac – to adopt the most advanced approaches to measuring credit and operational risk under Basel II.

Nonetheless, some of Australia’s smaller banks also have an eye on adopting the more advanced approaches as well, despite APRA’s comments that other banks will have to meet strict regulatory criteria to gain approval.

Most recently, Australia’s BankWest announced that it had implemented US-based software firm SAS’s risk management solution for Basel II and the SAS credit scoring for financial

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