Auswide Bank (ABA) has received APRA’s notice regarding the quantum of capital needed by ADIs to be unquestionably strong, and the timing by which that capital strength is expected to be achieved.
APRA has concluded that an increase in the minimum CET1 for ABA and other standardised ADIs of approximately 50 points will be required to meet the benchmark of ‘unquestionably strong’ capital. Further details are to be released by APRA which will clarify the new capital requirements leading to the January 2020 deadline.
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