Australia: Basel II Implementation Assessment

International Monetary Fund

No 2010/107, IMF Staff Country Reports from International Monetary Fund

Abstract: The key findings of Australia’s BASEL II implementation assessment are presented. The Australian Prudential Regulation Authority (APRA) allocated sufficient resources, including highly skilled staff, prior to the Basel II start date, and the outcome has been a robust and high-quality implementation that has built upon and substantially strengthened the risk-management capabilities of major banks. The quality of leadership and commitment by all involved has been instrumental in the success of this major implementation effort. APRA’s analysis of the adequacy of capital for systemically relevant banks is sound.

Keywords: ISCR; CR; APRA staff; risk ratings APRA; AMA bank; APRA approval; APRA supervisor; policy development unit; prudential standard; APRA estimate; APRA benefit; I. APRA; stipulated process; APRA Pillar; ADI optimization; Basel II; Credit risk; Capital adequacy requirements; Market risk; Operational risk; Global; AMA approach (search for similar items in EconPapers)
Pages: 31
Date: 2010-05-04
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Citations: View citations in EconPapers (2)

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