Share on LinkedInShare on LinkedIn

ARTICLE · 26 FEBRUARY 2013

ADIs welcome transitional relief to Basel III counterparty credit risk measures implementation

Clayton Utz
Explore more from Clayton Utz

APRA released final prudential and reporting standards and guidance to implement the Basel III capital reforms for ADIs.

AustraliaFinance and Banking
Louise McCoach
Louise McCoach
Author LinkedIn connections

Key Points:

The updated implementation timeframe will permit ADIs to prepare counterparty credit risk capital calculations on a "best endeavours" basis until their first annual reporting period beginning on or after 1 July 2013.

On 13 November 2012, the Australian Prudential Regulation Authority (APRA) published a paper (Response Paper) setting out its response to industry submissions on an earlier APRA discussion paper released in August 2012, Implementing Basel III capital reforms in Australia — counterparty credit risk and other measures.

APRA released with the paper a package of final prudential and reporting standards and guidance which will implement the Basel III capital reforms for Authorised Deposit-taking Institutions (ADIs) in Australia with effect from 1 January 2013.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Australia's Enhanced Substantial Holding Disclosure And Beneficial Ownership Disclosure Regime Comes Into Effect From 4 December

Australian financial markets face a fundamental shift in disclosure requirements from December 2026, as new rules expand substantial holding obligations beyond traditional voting interests to capture derivative positions and economic exposure. Market participants must now navigate complex calculations involving physically settleable derivatives, cash-settled instruments, and offsetting short positions—with no grandfathering for existing holdings.
AustraliaFinance and Banking
K&L Gates
K&L Gates
Article

New Payment Models Face A Broader Licensing Regime

Australia's payment services landscape is undergoing a fundamental regulatory transformation with the introduction of new legislation that shifts focus from specific technologies to the functions and activities performed by payment service providers. The Treasury Laws Amendment Bill 2026 will replace the existing non-cash payment facility framework with a comprehensive licensing regime that distinguishes between payment products and payment services, potentially capturing previously unregulated payment
AustraliaFinance and Banking
McCabes
McCabes
Article

Australia's Updated Financial Innovation Strategy

The Australian Government has unveiled its Financial Innovation Strategy, introducing a new Financial Innovation Committee and overhauling the Enhanced Regulatory Sandbox framework to better support emerging businesses testing innovative financial products. The strategy encompasses reforms across consumer data rights, digital assets, tokenised infrastructure, and regulatory frameworks designed to position Australia as a leader in financial innovation.
AustraliaFinance and Banking
K&L Gates
K&L Gates