Three of Australia's biggest banks will have to set aside an additional A$5...
) - the country’s second, third and fourth-largest lenders - had been informed in writing of the additional capital requirements, the Australian Prudential Regulation Authority said.
Australia’s largest lender, Commonwealth Bank of Australia , was slapped with an additional A$1 billion capital requirement last year after it was accused of thousands of breaches of anti-money laundering protocols. APRA added that it may impose more capital requirements on the sector without specifying which company.
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