Resources for Basel II Capital Accord (Basel II)

CBA receives advanced Basel II accreditation

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Commonwealth Bank of Australia (ASX:CBA) today received advanced Basel II accreditation from the Australian Prudential Regulatory Authority.

The accreditation also includes wholly-owned New Zealand subsidiary ASB Bank Ltd, which was separately accredited by the Reserve Bank of New Zealand.Directors said advanced accreditation under Basel II was a major accomplishment.

"The work undertaken to achieve this outcome provides the group with increased sophistication in risk measurement and management, thereby significantly increasing flexibility in decision-making and capital management," they said.

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