Largest shortfall at Commonwealth Bank; of ‘Big 4’, only ANZ has a capital surplus.
Banks will be required to have minimum CAR of 8%; sector-wide CAR now at 11.3%.
Funds must hold at least 5% in cash, cash equivalents; arrange borrowing to meet unexpected redemptions.
APRA requirement said to develop data availability for ‘clear presentation of facts’.
China faces both rising debt and NPL; regulator to prioritise risk prevention, control in 2017.
Regulator flags errors in OTC derivatives transactions, credit card applications.
Media report says banks ordered not to reveal instructions on forex trades.
Office of the Comptroller says bank failed to fix deficiencies in time.
Changes include refined non-retail investor classification, safeguards unconventional investment products.
Regulator says to encourage innovation, risk prevention; increase supervision including on-site inspections.