From Fairfax comes news that the Australian Prudential Regulatory Authority (APRA) will act “sooner rather than later” and lift bank capital requirements:
At The Australian Financial Review Banking & Wealth Summit in Sydney on Wednesday morning, Mr Byres said the inquiry chaired by David Murray and reforms being pushed by the Basel Committee on Banking Supervision “are undoubtedly going in the same direction, which will be leading to higher, tougher capital requirements.”
