Original article by Tony Boyd
The Australian Financial Review – Page: 40 : 5-Jan-17

Australia’s major banks are unlikely to be affected by a dispute between the European banks and the Basel Committee on Banking Supervision. Predictably, the European banks are resisting the committee’s stricter capital requirements. The committee stated on 4 January 2017 that aid the regulatory reforms would be delayed as more time is needed to finalise some of their aspects. Unlike the European banks, the big four Australian banks have sufficient levels of common equity tier 1 capital to meet the committee’s new requirements.

CORPORATES
BANK FOR INTERNATIONAL SETTLEMENTS. BASEL COMMITTEE ON BANKING SUPERVISION, DEUTSCHE BANK AG, SOCIETE GENERALE SA, UNICREDIT SPA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, FITCH INVESTORS SERVICE INCORPORATED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB