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Australian and New Zealand Banks Doing Well With Basel II, But There Are Still Hurdles to Jump Jun 02 Product Image

Australian and New Zealand Banks Doing Well With Basel II, But There Are Still Hurdles to Jump Jun 02

  • ID: 2045398
  • June 2002
  • Region: Australia, New Zealand
  • Standard & Poors

Abstract
Australian and New Zealand major banks are the best progressed in the Asia-Pacific region in terms of their Basel II implementation according to Gavin Gunning, director, Financial Services Ratings, however, there are still significant hurdles to overcome before Basel II is fully put into effect. Speaking at Standard & Poor's inaugural Financial Markets Conference in Sydney, Mr. Gunning said that while Australian and New Zealand banks are placed quite well in terms of their Basel II preparation, other countries in the Asia-Pacific region are not as advanced. "The Singapore banks seem to be making fairly quick progress regarding Basel development work and have aspirations to achieve the advanced IRB approach. While the concept of Basel is supported by most of...

Companies mentioned in this report are:
- Australia (Commonwealth of) (Unsolicited Ratings)
- National Australia Bank Ltd.
- New Zealand

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

- Australia (Commonwealth of) (Unsolicited Ratings)
- National Australia Bank Ltd.
- New Zealand

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