Australian APRA raises $250m capital charge for ANZ due to inadequate risk management.

Australian regulator, APRA, has increased concerns about ANZ's corporate governance, adding a $250m capital charge to the bank's balance sheet. APRA criticised ANZ for not addressing non-financial risks, despite a previous order to hold $500m in capital for similar issues. The total impost now stands at $750m, and APRA chairman John Lonsdale has expressed frustration with the bank's ongoing risk management issues.

August 23, 2024
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