Firm guidance
As general manager of credit and op risk at the Australian Prudential Regulation Authority (Apra), Harvey Crapp has seen the successful AMA accreditation of the country's largest banks. He attributes Apra's success to its work with firms as an adviser, not heavy-handed rule-maker. Wietske Blees reports
The Australian Prudential Regulation Authority's (Apra) reputation for operational risk management carries considerable clout. On January 1, 2008, the official kick-off of the Basel II regime, Westpac Bank, National Australia Bank (NAB), Commonwealth Bank Australia and Australia New Zealand Bank were among the first banks worldwide to obtain accreditation for the advanced measurement approach (AMA
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