Commonwealth Bank of Australia (CBA)
Australia and Singapore lead Basel II implementation in Asia
Australia and Singapore’s banks are leading the Asia-Pacific region when it comes to the implementation of Basel II, according to a report released this week by Standard and Poor’s. But even banks operating in these countries face considerable challenges…
NAB hires group risk chief
National Australia Bank (NAB) has appointed a new group chief risk officer as part of an ongoing drive to improve the company’s risk management practices.
Australia a hotbed for CLN issuance
Credit-linked notes (CLN) issuance has soared in Australia this year, with the volume of rated notes exceeding A$1.2 billion ($881.3 million) year-to-date, compared with A$240 million in 2002, according to Mei Lee Da Silva, credit analyst in Standard and…
Countdown to Basel II
With Basel II set for implementation in three years' time, some banks in the Asia Pacific region are working hard to align their operational risk systems with the requirements outlined in the new Accord.
Commonwealth Bank of Australia issues five series of Shield CLNs
Commonwealth Bank of Australia (CBA) is issuing five series of credit-linked notes (CLNs), maturing on September 4, 2006 and referenced on a portfolio of 100 equally weighted investment-grade credits.
CBA to use Fenics FX for options trading on worldwide basis
The Commonwealth Bank of Australia (CBA) has employed New York-headquartered GFI Group’s Fenics FX system as its global standard foreign exchange options pricing and analysis tool. The bank will deploy the system as the standard interface in all of its…
CBA enhances risk management and dealing technology
The Commonwealth Bank of Australia (CBA) has carried out a series of initiatives aimed at enhancing efficiencies in its dealing and risk management operations.
Australian capital/asset ratios consistent with credit ratings, says S&P
MELBOURNE – The capital to asset ratios of the four major Australian banks, as measured by credit rating agency Standard and Poor’s own approaches, are consistent with the banks’ double A ratings, S&P said today.
Beyond the pail
Australia’s regulator has hinted that it may work outside of the Basel Accord to set its own risk weightings for residential mortgages if adjustments aren’t made, writes Nick Sawyer.
Back to the floor
Australia’s major banks are all targeting the advanced measurement approach for calculating operational risk capital under the new Basel Accord. As such, the concept of a floor is proving irksome, writes Nick Sawyer.