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Australian bank regulator flags more capital requirements as self-assessment falls short


Reuters


SYDNEY, May 22 (Reuters) - The Australian prudential regulator said it may impose additional capital requirements on some financial institutions after it found weakness in their ability to self-assess non-financial risk.

The Australian Prudential Regulation Authority (APRA) also said the boards of the country's financial institutions "should expect increased supervisory scrutiny" after it found weaknesses in their self-assessment procedures.

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SYDNEY, May 22 (Reuters) - The Australian prudential regulator said it may impose additional capital requirements on some financial institutions after it found weakness in their ability to self-assess non-financial risk.

The Australian Prudential Regulation Authority (APRA) also said the boards of the country's financial institutions "should expect increased supervisory scrutiny" after it found weaknesses in their self-assessment procedures.






This article appears in: World Markets , Stocks , Politics , Banking and Loans , Technology



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