by Chris Becker
APRA is ordering the remainder of Megabank to hold a little more capital in reserve in case of bad things. From Martin North:
APRA has written to ANZ, National Australia Bank (NAB) and Westpac advising of an increase in their minimum capital requirements of $500 million each. The capital add-ons will apply until the banks have completed their planned remediation to strengthen risk management, and closed gaps identified in their self-assessments.