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Australia regulator accepts ANZ's undertaking to fix risk culture; hikes capital add-on

By Yahoo! Finance   |   1 month ago
Australia regulator accepts ANZ's undertaking to fix risk culture; hikes capital add-on

Australia's regulator, APRA, accepted ANZ Group's commitment to improve non-financial risk management. The lender will increase its spare cash reserves to A$1 billion and address deficiencies highlighted in an independent review. ANZ expressed disappointment over its risk management shortcomings.

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