Newsletter Apr 2006: Advanced options stretch Aussie project teams

LONDON – Preparing for the advanced approaches to measuring risk under the Basel II bank safety rules is a demanding task in terms of resources, data and time. Project teams, including the Australian supervisor’s, are stretched, Australia’s top prudential regulator said in April. “And I doubt that the challenges facing us in Australia are unique, if the discussions we and our banks are having with respective overseas counterparts are any guide,” Australian Prudential Regulation Authority (Apra) chairman John Laker said.