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The latest Basel II news from Australia, Hong Kong and the United States.
AUSTRALIA
The Australian Prudential Regulation Authority (APRA) has released a discussion paper and accompanying draft prudential standard on the implementation of the Basel II advanced measurement approaches to operational risk. This follows APRA’s release of draft Basel II standards in April and July 2005 which form part of a suite of prudential standards that are expected to be finalised in 2007. Written submissions on the discussion paper and draft prudential standard should be forwarded by 28 February 2006 to basel2@apra.gov.au
Discussion paper
Draft prudential standard
HONG KONG
Simon Topping, executive director, Banking Policy, Hong Kong Monetary Authority, has given as speech at ACIHK The Financial Markets Association Basel II Seminar, Hong Kong, setting out the current stage of Basel II development in the country. Read the speech at http://www.bis.org/review/r050930i.pdf
UNITED STATES
Susan Schmidt, Member of the Board of Governors of the US Federal Reserve System, has given an update to the Institute of International Bankers, Washington DC. See http://www.bis.org/review/r050930h.pdf
•Date: 4th October 2005 • Region: Various • Type:
Article •Topic: Financial sector
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