In his speech, Charles Littrell, the Executive General manager of the Australian Prudential Regulation Authority (APRA), outlines the new Basel Capital Accord (Basel II) in the context of Australian sophisticated banks, small banks, credit unions and building societies. Advantages, disadvantages and competitive effects associated with Basel II are also discussed. While admitting that the implementation task is considerable for both Authorised Deposit-Taking Institutions and APRA, Littrell concludes by endorsing APRA’s strong support for Basel II.
Source: Speech given by Charles Littrell in co-operation with APRA (17 October 2003), available at: http://www.apra.gov.au/speeches/03_21.cfm Mallesons Stephen Jaques email: ian.paterson@mallesons.com