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RBA Glossary definition for Pillar 1
Pillar 1 – The New Basel Capital Accord, issued by the Basel Committee on Banking Supervision, aims to improve the flexibility and risk sensitivity of the existing Accord. The New Accord consists of three mutually reinforcing pillars. Pillar 1 sets out the framework for revised minimum capital requirements, building-in rewards for stronger and more accurate risk management.
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Asset Prices, Monetary and Other Policies
31 Dec 2010
RDP
2010-06
Inclusion of a monetary aggregate target as one of the two pillars of monetary policy by the European Central Bank constitutes a related approach.
https://www.rba.gov.au/publications/rdp/2010/2010-06/asset-prices-monetary.html