News: IAG Australia's APRA Says Expects Banks, Insurers To Limit Capital Distributions In Months...

April 7 (Reuters) - Australian Prudential Regulatory Authority:

• AUSTRALIA'S APRA SAYS IT EXPECTS ADIS AND INSURERS TO LIMIT DISCRETIONARY CAPITAL DISTRIBUTIONS IN MONTHS AHEAD
• APRA SAYS IT EXPECTS ADIS & INSURERS WILL SERIOUSLY CONSIDER DEFERRING DECISIONS ON APPROPRIATE LEVEL OF DIVIDENDS UNTIL OUTLOOK IS CLEARER
• AUSTRALIA'S APRA SAYS WHERE BOARD IS CONFIDENT THEY ARE ABLE TO APPROVE DIVIDEND, THE DIVIDEND SHOULD BE AT MATERIALLY REDUCED LEVEL
• APRA SAYS IT ALSO EXPECTS BOARDS WILL APPROPRIATELY LIMIT EXECUTIVE CASH BONUSES, MINDFUL OF CURRENT CHALLENGING ENVIRONMENT
• APRA SAYS IT EXPECTS BANKS AND INSURERS TO LIMIT DISCRETIONARY CAPITAL DISTRIBUTIONS, INCLUDING PRUDENT CUTS IN DIVIDENDS

Source text https://bit.ly/2Xgfm8I

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