Resources for Basel II Capital Accord (Basel II)

CBA gets Advanced Basel II accreditation

news.theage.com.au

Commonwealth Bank of Australia (CBA) Ltd and Westpac Banking Corporation have received so-called advanced Basel II accreditation from the banking regulator, the Australian Prudential Regulation Authority, or APRA.

The banks say the accreditation will help them to increase the sophistication of its risk measurement and management, significantly boosting flexibility in decision-making and capital management.

Like Macquarie Group Ltd, CBA wants to set up a non-operating holding company to make it easier to expand offshore.

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