In implementing the Basel III capital framework in Australia, APRA has elected to adopt a more conservative approach than the Basel Committee on Banking Supervision (BCBS) Basel III minimum requirements. This fact sheet provides an explanation of the key differences between APRA’s Basel III rukles and the BCBS Basel III minimum requirements and the impact of converting APRA Basel III capital ratios to fully implemented internationally harmonised Basel III capital ratios focussing on Common Equity Tier 1 capital ratios.
The Australian Bankers’ Association (ABA) provided comments to the Reserve Bank of Australia on the proposed new Financial Stability Standards (FSSs) for central counterparties (CCPs) and securities settlement facilities (SSFs).
The Australian Bankers’ Association (ABA) provided comments to the Australian Securities and Investments Commission (ASIC) on the proposed amendments to Regulatory Guide 211:Clearing and Settlement Facilities:Australian and overseas operators (RG211).
Each year, as the bank reporting season gets underway, there’s a great deal of commentary regarding banks’ annual profit results. With the aim of improving the quality of the debate, the Australian Bankers’ Association (ABA) has produced a frequently asked questions fact sheet about banks’ profits. The fact sheet covers what profit is, why it is important, and why the reported numbers appear large. It begins with answering basic questions about the nature of banking and ends with an assessment of whether bank profits are too high.
The Australian Bankers Association (ABA) provided comments on Consultation Paper 183: Giving information, general advice and scaled advice. The ABA supports the Federal Government’s efforts to implement law reforms intended to improve the quality of financial advice, the regulation of financial planners and the professionalism of the financial planning industry. A well explained scaled advice framework can improve the quality of advice and improve trust and confidence in the advice industry.
The Australian Bankers Association (ABA) provided comments on Consultation Paper 182:Future of Financial Advice: Best interests duty and related obligations – Update to RG 175. The ABA supports the Federal Government’s efforts to implement law reforms intended to improve the quality of financial advice, the regulation of financial planners and the professionalism of the financial planning industry.
The Australian Bankers’ Association (ABA) provided comments to the Parliamentary Joint Committee on Corporations and Financial Services Amendment (Derivative Transactions) Bill 2012. The ABA supports the Government’s introduction of the enabling legislation to respond to Australia’s G20 commitment concerning over-the-counter OTC Derivatives.
The Australian Bankers‟ Association (ABA) and the Australian Federal Police (AFP) have prepared a fact sheet: “Banking on the go – security tips for your smartphone and tablet” which provides advice and some simple steps people can take to protect their personal and financial information.