Basel II: The Effect on Australian Banking.

Mondaq Business Briefing | April 20, 2005 | Copyright

Originally published December 17 2004

On June 26 2004 the Basel Committee on Banking Supervision introduced the New Basel Capital Accord (Basel II). The existing Basel Capital Accord (Basel I) regulated the capital requirements of banks and authorized deposit-taking institutions. Basel II revises the existing regime by creating a stronger link between risk and capital requirements. The Australian Prudential Regulation Authority (APRA) has announced that Basel II will be implemented in Australia over the next three years.

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