APRA releases Basel II operations risk policy for ADI’s

The Australian Prudential Regulation Authority (APRA) has released its discussion paper and accompanying draft prudential standard 115 on the implementation of the Basel II advanced measurement approaches to operational risk for ADI’s.

The discussion paper 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.

The new Basel II capital adequacy regime will come into force on 1 January 2008.

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