National Australia Bank (NAB)
Restructuring debate will rage on after CP3, says Munro
The Basel Committee’s widely anticipated ditching of restructuring as a required credit event for capital relief in its forthcoming third consultation paper on Basel II, will not bring to an end the heated debate between hedging banks and investors over…
Aussie funds shun currency overlay
Australian superannuation funds’ use of currency overlay has declined, according to a report made public last week.
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.
NAB bolsters credit team
National Australia Bank (NAB) has bolstered its structured credit team with the addition of Peter Rothwell, who joined the Australian bank’s London office last week as senior trader.
NAB offers soft commodity hedging in Australia
National Australia Bank (NAB) has launched a range of soft commodity hedging products to cater for the country's large agricultural sector.