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.

YOU MAY ALSO BE INTERESTED IN

The law comes calling for a dodgy CBA

Via Banking Day: Two closely related class

Centre Alliance: Wayne Byers must resign

Contemporary Australian governance is all about

Fitch dumps WBC and ANZ onto negative watch

Via Fitch for ANZ: VIABILITY RATING, IDRS

Coalition drags chain on Hayne recommendations

The Coalition began implementing some of the