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…
-
General18 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate
-
Noosa News18 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
Noosa News17 hours agoMurray Watt claims Queensland will follow Sussan Ley and ditch net zero by 2050
-
Noosa News4 hours agoMotorcyclist dies in crash with truck