Aussies Rule
Australia is racing ahead with Basel II implementation compared with other nations. Peter Madigan asks how they have done it and whether the rest of the world can follow in their footsteps
WHILE international attention has focused heavily on the regulatory debates raging in Europe and the US in recent years, Australia has been quietly pushing on with the implementation of Basel II and are enjoying steady progress.
In a refreshing change to the delays seen in America, and the myriad of different approaches that have been adopted in institutions throughout Europe, Australia is both on
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