APRA tells Senate committee Basel III will not be a problem in Australia
- Monday, 09 May 2011
According to its submission to the Senate's Economic Reference Committee, the Australian Prudential Regulation Authority (APRA) does not believe Basel III capital and liquidity rules will be unduly onerous for Australian intermediaries. Meanwhile, the committee's report recommends a further widening of repo-eligibility to include the paper of all authorised deposit-taking institutions (ADIs) – regardless of credit rating.
