Australian regulator increases capital add-on requirement for ANZ to $502 million

Australian Prudential Regulation Authority News

Australian regulator increases capital add-on requirement for ANZ to $502 million
ANZRisk Management PracticesRisk Capital
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In a move underscoring persistent regulatory concerns about ANZ's risk management practices, the Australian Prudential Regulation Authority had previously...

-Australian prudential regulator on Friday said it has increased the capital add-on requirement for lender ANZ Group to A$750 million , reflecting escalating worries about the bank's management of non-financial risks.

"While ANZ has launched several investigations into these issues, these issues raise prudential concerns that ANZ has yet to adequately address deficiencies in controls, risk culture, governance and accountability," the regulator said in a statement.World-first study to identify stem cell super donors launched

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