APRA increases ANZ’s capital add-on to $750 million over non-financial risk management concerns

News Financial services English General Updates

Date: 23rd Aug, 2024 Source: Australian Prudential Regulation Authority Country: Australia Original Source

Brief

The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to Australia and New Zealand Banking Group (ANZ) to $750 million in response to heightened concerns about the bank’s non-financial risk management practices. APRA has held longstanding concerns with ANZ’s non-financial risk management, and imposed a $500 million operational risk capital add-on to

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Australian Prudential Regulation Authority

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APRA increases ANZ’s capital add-on to $750 million over non-financial risk management concerns

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APRA increases ANZ’s capital add-on to $750 million over non-financial risk management concerns

Brief

Australian Prudential Regulation Authority

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