APRA today announced amendments to the capital adequacy requirements for banks.
These amendments are being made either to achieve consistency between the capital regime which applies to banks and that for building societies and credit unions*, or to adopt amendments made by the Basle Committee on Banking Supervision to its international guidelines on the capital adequacy of banks.
The changes are as follows:
Overall, these changes will reduce slightly the regulatory capital required by most banks. The exact impact will vary from bank to bank depending on the structure of their business.
Copies of the amendments are available on request and on APRA's web site at www.apra.gov.auEnquiries
Mr LJ PhelpsExecutive General ManagerAuthorised Deposit-Taking InstitutionsPhone: (02) 9210 3140Fax: (02) 9210 3300
Contact APRA | 1300 55 88 49 | GPO Box 9836 Sydney NSW
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