Australian regulator moves to implement Basel III two years early
The Australian banking regulator has proposed the country’s banks meet new Basel III capital and liquidity rules two years ahead of G-20 commitments. The proposal has drawn immediate criticism from the Australian Bankers’ Association
Australian banks will have to meet Basel III capital requirements two years ahead of their international counterparts under proposals put forward by the country's banking regulator, with Australia likely to be the first country in the world to fully comply with Basel III capital requirements.
The Australian Prudential Regulation Authority (Apra) has released a discussion paper, Implementing Basel III Capital Reforms in Australia, outlining its proposed implementation of the Basel III capital
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