Australia revises Basel II standardised approaches
APRA out with final draft of standardised approaches to redit and op risk
The Australian Prudential Regulation Authority has published the final draft of its standardised approaches to credit and operational risk.
The draft includes several amendments made as a result of industry comments. The regulator will consider comments on the final draft submitted by September 3.
John Laker, chairman of APRA, said: “Compared with current arrangements, these approaches better align the regulatory capital requirements for credit and operational risk with the risk profile of an authorised deposit-taking institution (ADI), while minimising complexity for the less-diversified or globally active ADIs that will be adopting the approaches.” Australia, which introduces Basel II at the start of 2008, will finalise the rules later this year.
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