Business
APRA slashes CBA capital requirement by $500m – Sydney Morning Herald
The Australian Prudential Regulation Authority has acknowledged CBA’s “significant progress” in improving its culture and governance.
APRA said the report indicated CBA has made “significant progress” in areas such as management and compliance, remuneration and risk culture although there remained a long way to go.
“A substantial body of work is needed to ensure the improvements are fully embedded across the whole CBA Group,” APRA said.
The remaining $500 million capital requirement will remain in place until CBA addresses all of Promontory’s recommendations.
CBA chief Matt Comyn welcomed the regulator’s acknowledgement of the…
-
Noosa News6 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News7 hours agoMotorcyclist dies in crash with truck
-
Noosa News21 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General21 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate