Westpac Banking Corporation (ASX: WBC) has responded to the APRA announcement after the AUSTRAC’s Statement of Claim. APRA has directed the bank to increase operational risk capital buffer.
- APRA requires Westpac to keep additional $500 million in capital buffer.
- WBC would increase its risk-weighted assets, starting from 31 December 2019.
- It would impact WBC’ Level 2 CET 1 by approximately 16 basis points, based on the balance sheet as of 30 September 2019.
By 1:10 PM AEDT, WBC was trading at $24.545, down by 1.22% from the previous close.
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