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March 19, 2018

APRA granted approval to ING Bank (Australia) Limited to begin using the internal models. The ING Bank will use internal models to determine its regulatory capital requirements for credit and market risk, commencing from the quarter ended June 30, 2018.

ING is the first authorized deposit-taking institution to be accredited since APRA revised the accreditation process in 2015. Consistent with suggestions from the 2014 Financial System Inquiry, APRA’s changes were intended to make the process more accessible for authorized deposit-taking institutions to achieve accreditation, without weakening the overall standards that advanced accreditation requires. APRA continues to engage with other authorized deposit-taking institutions seeking accreditation to use internal models for calculating the regulatory capital requirements.

 

Related Link: Press Release

Keywords: Asia Pacific, Australia, Banking, Internal Models, Regulatory Capital, Credit Risk, Market Risk, ING Bank, APRA

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