Australian banks move forward with Basel II rules  
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Resources for Basel II Capital Accord (Basel II)

Australian banks move forward with Basel II rules

www.marketwatch.com

Several Australian and New Zealand banks will be able to start reducing the capital they hold to protect against lending losses from the start of the new year after receiving high-level accreditation under new rules, regulators said Monday.

Basel II is a global standard that aims to more closely align the capital banks hold to protect against losses with each bank's risk profile. For example, banks that engage in less risky business lines could see their regulatory capital requirements fall.

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