APRA Reduces Westpac's Capital Penalty by $500 Million
APRA Reduces Westpac's Capital Penalty by $500 Million
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.
關鍵的銀行監管機構APRA認爲西太平洋銀行的行爲已經改善，因此將2019年所加的10億美元資本金罰款在兩種情況下減半。
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在週五早上的一份聲明中表示，由於該銀行在風險治理、文化和風險管理方面的改進，即刻將該銀行的重疊部分減半。5000萬美元的附加款項是因爲該銀行的風險治理自我評估中注意到更高的運營風險而於2019年7月加上的，另外5000萬美元是由於對風險治理的擔憂於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，剩餘的5000萬美元資本金追加將繼續保持不變，直到西太平洋銀行完成其過渡工作並且APRA進行進一步的驗證工作，以評估改進風險治理、文化和問責實踐及結果的可持續性。
In a separate statement, Westpac said the ongoing transition process involves embedding the uplift in its risk management practices.
西太平洋銀行在另一份聲明中表示，持續進行的過渡進程涉及將風險管理實踐改進的提升融入其中。