14 December 2014
In implementing the Basel III capital framework in Australia, APRA has elected to adopt a more conservative approach than the Basel Committee on Banking Supervision (BCBS) Basel III minimum requirements. This fact sheet provides an explanation of the key differences between APRA’s Basel III rukles and the BCBS Basel III minimum requirements and the impact of converting APRA Basel III capital ratios to fully implemented internationally harmonised Basel III capital ratios focussing on Common Equity Tier 1 capital ratios.
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The ABA submission to the Senate Economic Committee, the submission addresses the importance of certainty regarding capital raises and distributions to banks.
Australian banks operate in a competitive and dynamic environment. They compete with each other and with other financial service providers, including tech companies, to provide products and services to consumers. Given the pace of technological change and transformation, banks are constantly innovating their customer offerings and processes to remain competitive. To compete effectively, banks continually adapt to respond to customer needs and preferences. As such, banks have, over the past several decades, become increasingly digital.
This submission details the ABA’s views on key areas of focus including the future of work; equal opportunities for women; future labour force participation.