Moody's reviews Australia's Basel III implementation plans

09/9/2011 | Sydney Morning Herald (Australia), The

Moody's Investors Service said it is confident that Australian banks will be able to meet an accelerated timeline for implementing Basel III capital requirements. However, the credit rating agency said the requirements, as outlined by the Australian Prudential Regulation Authority, won't be as drastic as proposed by the Basel Committee on Banking Supervision. "It is clear that APRA's capital requirements will remain considerably more conservative than what Basel III prescribes," said Patrick Winsbury, senior vice president at Moody's.

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Sydney Morning Herald (Australia), The

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