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    August 23, 2024

    APRA to apply additional capital overlay

    The Australian Prudential Regulation Authority (APRA) has advised it will require ANZ to hold an additional operational risk capital overlay of $250 million.

    ANZ notes APRA’s comments confirming ANZ is financially strong with strong capital and liquidity levels. The impact of the additional operational risk overlay of $250 million is 6 basis points of Common Equity Tier 1 (CET1) capital[1].  

     

    ANZ acknowledges APRA’s concerns and is expediting work already underway to address the issues raised. This includes working with APRA on the scope of an independent culture and control review within its Markets business which has already been initiated and will report to the Board.

     

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    Approved for distribution by ANZ’s Continuous Disclosure Committee

     

    [1] On a Level 2 June 2024 proforma basis (as disclosed in the 2024 Third Quarter Chart Pack released on 20 August 2024). The equivalent Level 1 impact is 7 basis points.

     

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