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Basel II approach to credit risk released

THE AUSTRALIAN Prudential Regulation Authority (APRA) has released the first of a series of discussion papers on the implementation of the new Basel II capital adequacy regime, or Basel II…

April 22, 2005 • By Lawyers Weekly

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THE AUSTRALIAN Prudential Regulation Authority (APRA) has released the first of a series of discussion papers on the implementation of the new Basel II capital adequacy regime, or Basel II Framework as it is known in Australia.

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While most Australian banks, building societies and credit unions are expected to adopt the standardised approach to determine their capital requirements for credit risk, larger banks are likely to seek accreditation for more sophisticated Basel II approaches, APRA said in a statement.

The prudential standards for the Basel II Framework will be released for consultation in coming months. The discussion paper and draft standard are available on the APRA website, www.apra.gov.au

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