Finance

APRA, RBNZ give ANZ Bank a headache over capital

Jenny Ruth
Tue, 20 Aug 2019

By Jenny Ruth Aug. 20 (BusinessDesk) - The Australian banking regulator has decided to go ahead with its proposal to halve the limit on the exposures of Australian banks to their subsidiaries, catching ANZ Bank between opposing regulatory requirements on each side of the Tasman. While the Australian Prudential Regulation Authority wants Australian banks to limit their capital exposures to subsidiaries, New Zealand's banking regulator, the Reserve Bank, wants the New Zealand subsidiaries to increase the amount of capital they hold. APRA...

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