ANZ Bank says regulatory imposts have reduced its common equity

Sun, 28 Jul 2019

By Jenny Ruth July 29 (BusinessDesk) - Australia-based ANZ Bank says the new conditions of registration the Reserve Bank imposed on its New Zealand subsidiary in late May mean its group tier 1 common equity has fallen 20 basis points. RBNZ had required the subsidiary to hold more capital against housing and farm lending from June 30. Other regulatory and prudential changes imposed by RBNZ and the Australian Prudential Regulation Authority mean the parent bank’s group tier 1 common equity ratio has fallen from 11.8 percent at June 30 to...

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