APRA Reduces Westpac's Capital Penalty by $500 Million
APRA Reduces Westpac's Capital Penalty by $500 Million
In a separate statement, Westpac said the ongoing transition process involves embedding the uplift in its risk management practices.The key banking regulator, APRA, thinks Westpac's (ASX:WBC) behaviour has improved, so it has halved the $1 billion capital penalty imposed in 2019 in two tranches.
关键的银行监管机构APRA认为西太平洋银行的行为已经改善，因此将2019年所加的10亿美元资本金罚款在两种情况下减半。
APRA said in a statement on Friday morning that it has cut the overlay in half immediately because of improvements in the bank's risk governance, culture, and risk management. The $500 million add-on was imposed in July 2019 in response to higher operational risk noted in the bank's risk governance self-assessment, and an additional $500 million was imposed in December 2019 due to risk governance concerns.
APRA在周五早上的一份声明中表示，由于该银行在风险治理、文化和风险管理方面的改进，即刻将该银行的重叠部分减半。5000万美元的附加款项是因为该银行的风险治理自我评估中注意到更高的运营风险而于2019年7月加上的，另外5000万美元是由于对风险治理的担忧于2019年12月加上的。
APRA said the remaining $500 million capital add-on will remain in place "until Westpac completes its transition work and APRA undertakes further validation work to assess the sustainability of improvements made in risk governance, culture, and accountability practices and outcomes."
APRA表示，剩余的5000万美元资本金追加将继续保持不变，直到西太平洋银行完成其过渡工作并且APRA进行进一步的验证工作，以评估改进风险治理、文化和问责实践及结果的可持续性。
In a separate statement, Westpac said the ongoing transition process involves embedding the uplift in its risk management practices.
西太平洋银行在另一份声明中表示，持续进行的过渡进程涉及将风险管理实践改进的提升融入其中。
