Key Points:
While significant changes to Australia's capital
standards in the near future are unlikely, some refinements could
be made to align them more closely with the Basel III
framework.
According to a recent assessment by the Basel Committee,
Australia's capital framework is overall compliant with the
Basel III framework. This means that we are unlikely to see
significant further changes to Australia's capital standards in
the near future.
Having said this, some refinements could be introduced to those
standards over the next couple of years to align them more closely
with the Basel III framework.
In addition, despite Australia's more rigorous
implementation of certain aspects of the Basel III framework than
the Basel Committee requires, there is no indication that there
will be any softening in APRA's approach in the areas where it
has been assessed as more conservative.
