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FIRB definition

FIRB means the foundation internal ratings-based approach under Basel III;

Examples of FIRB in a sentence

  • Macquarie has been approved by APRA to apply the FIRB approach for credit risk capital calculation.

  • While FIRB will make available an audience with impacted stakeholders at the request of those stakeholders, the only consultation that it initiates under ‘Australia’s Foreign Investment Policy’ is with agencies of the Commonwealth or State and Territory Governments.In contrast, the approach proposed by NSW Farmers would provide greater transparency to the process undertaken by the Government when considering whether the proposed purchase is in the national interest.

  • Upon the announcement that as a result of due diligence ADM would continue with its proposed takeover bid for ADM, NSW Farmers wrote to the Federal Treasurer requesting he direct the Foreign Investment Review Board (FIRB) to undertake formal public consultation on the sale as an exercise of ministerial discretion.

  • The timeframe for FIRB to review applications will also be extended from 30 days to up to six months.

  • Approval for the FIRB approach enables Macquarie to rely on its own internal estimates for some of the necessary credit risk components in determining the capital requirement for a given credit exposure.


More Definitions of FIRB

FIRB means the Foreign Investment Review Board of Australia;
FIRB means the Foundation IRB Approach;
FIRB means the Foreign Investment Review Board established under the Takeovers Act;
FIRB means the Australian Foreign Investment Review Board. FSMA means the Financial Services and Markets Act 2000 (UK), as amended, including any regulations made pursuant thereto.
FIRB the Foreign Investment Review Board of Australia “FKP” FKP Limited (ABN 28 010 729 950), a company incorporated in the commonwealth of Australia, whose shares are listed on the ASX Limited “FKP Group” FKP Limited, each of its subsidiaries, FKP Funds Management Limited (ABN 17 089 800 082) as responsible entity of the Trust (the “RE”). The Trust and its controlled entities (including any joint venture vehicles and minority interests that are included in the financial reports of FKP and the RE) “FKP Property Group” FKP Group excluding any joint venture vehicles and minority interests that are included in the financial reports of FKP and the RE
FIRBThe Treasurer of the Commonwealth of Australia consenting, under the Foreign Acquisitions and Takeovers Xxx 0000, to the proposed acquisition by the Purchaser of the Shares and the Treasurer is to be taken to have so consented: (i) if the Purchaser receives written advice from the Treasurer or on his behalf, without any term or condition that the Purchaser considers unacceptable, to the effect that the acquisition of the Shares is not objected to under the Foreign Acquisitions and Takeovers Xxx 0000; or (ii) if ten days have elapsed from the day the Treasurer ceased to be empowered to make any order under Part II of the Foreign Acquisitions and Takeovers Xxx 0000 in relation to the proposed acquisition because of lapse of time, notice of the proposed acquisition of the Shares having been given to the Treasurer under the Foreign Acquisitions and Takeovers Xxx 0000;