NAB wins approval for risk models from Apra

National Australia Bank (NAB) has received approval from the Australian Prudential Regulation Authority (Apra) to resume use of its internal model for calculating the market risk component of risk-weighted assets.

Effective from January 1, the approval comes almost exactly three years after a forex options trading scandal that cost the bank A$360 million ($282 million) and forced the resignation of nearly a dozen senior bank executives. Three traders in Melbourne and one in London received jail

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