Business
APRA orders banks to cap dividends – The Australian Financial Review
The prudential regulator has replaced emergency guidance on dividends with a 50 per cent cap on dividend payout ratios.
Although the environment remains one of heightened risk, we now have a stronger sense of how Australias economy and financial institutions are being impacted by COVID-19,” Mr Byres said.
Banks face additional challenges to their capital resilience, including the material volume of loan repayment deferrals (which are subject at present to regulatory concessions), greater financial impact from COVID-19, and restrictions on dividends from their New Zealand operations.”
“APRA has therefore set an …
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