Financial information
Basel II, Pillar 3 Reports
Background
Westpac Banking Corporation is an Authorised Deposit-taking Institution (ADI) subject to regulation by the Australian Prudential Regulation Authority (APRA). APRA has accredited Westpac to apply the most advanced models permitted by the Basel II global capital adequacy regime to the measurement of its regulatory capital requirements. Westpac uses the Advanced Internal Ratings-Based approach (Advanced IRB) for credit risk and the Advanced Measurement approach for operational risk.
In accordance with Australian Prudential Standard 330 Capital Adequacy: Public Disclosure of Prudential Information (APS 330), financial institutions that have received this accreditation, such as Westpac, are required to disclose prudential information about their risk management practices on a semi-annual basis. A subset of this information must be disclosed quarterly.
St.George Bank
On 1 March 2010, Westpac Banking Corporation and St.George Bank commenced operating as a single ADI. As a result, this report no longer discloses St.George Bank separately. APRA has approved the use of the Advanced IRB approach for credit risk and the Advanced Measurement approach for operational risk for portfolios formerly originated by St.George Bank from 30 June 2010 onwards.
2011
December 2011: Basel II Pillar 3 Report (released 16 February 2012)
Pillar 3 Report for 31 December 2011 (PDF 291kb)
September 2011: Basel II Pillar 3 Report (released 11 November 2011)
Pillar 3 Report for 30 September 2011 (PDF 1,091kb)
June 2011: Basel II Pillar 3 Report (released 16 August 2011)
Pillar 3 Report for 30 June 2011 (PDF 174kb)
March 2011: Basel II Pillar 3 Report (released 13 May 2011)
Pillar 3 Report for 31 March 2011 (PDF 806kb)
Basel II Pillar 3 Reports archive
Things you should know
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