Bank West aims for advanced IRB
The Australian Prudential Regulation Authority (APRA) has stated that it expects its four largest banks – ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac – to adopt the most advanced approaches to measuring credit and operational risk under Basel II.
Most recently, Australia’s BankWest announced that it had implemented US-based software firm SAS’s risk management solution for Basel II and the SAS credit scoring for financial institutions systems as part of its drive to comply with the advanced internal ratings-based approach to Basel II. “We are seeking to attain accreditation at the advanced level, rather than the basic or foundation levels, in order to retain our competitive edge,” says Ed Bradley, director of portfolio management and policy at BankWest in Perth.Asia Risk
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