Dec 17 (Reuters) - Westpac Banking Corp (WBC) :
- WESTPAC ACKNOWLEDGES APRA ANNOUNCEMENT
- ACKNOWLEDGES APRA ANNOUNCEMENT IN RESPONSE TO AUSTRAC'S STATEMENT OF CLAIM
- WESTPAC ACCEPTS GRAVITY OF ISSUES PRESENTED BY AUSTRAC.
- "WE ARE DETERMINED TO URGENTLY FIX THESE ISSUES AND LIFT OUR STANDARDS"
- WESTPAC HAS APPOINTED PROMONTORY TO UNDERTAKE AN ACCOUNTABILITY AND FINANCIAL CRIME PROGRAM REVIEW, WHICH IS CURRENTLY UNDERWAY
- "WE WILL PROVIDE OUR FULL SUPPORT TO APRA THROUGH ITS INVESTIGATION AND REVIEW"
- CHANGE EXPECTED TO REDUCE CO'S LEVEL 2, (CET1) CAPITAL RATIO BY ABOUT 16 BASIS POINTS, BASED ON GROUP'S BALANCE SHEET AS AT 30 SEPT
- ADDITIONAL $500 MILLION OPERATIONAL RISK CAPITAL REQUIREMENT WILL APPLY FROM 31 DECEMBER 2019
Source text https://reut.rs/2PWg062
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News: WBC Westpac Banking Corp Acknowledges APRA Announcement
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