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Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2013
Dec 22, 2013
10425_rns_2013-12-22_fc20bb33-0ec6-499f-a9f2-c1479ab8eaf9.pdf
Capital/Financing Update
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Media Release
For Release: 23 December 2013
ANZ comments on APRA D-SIB Capital requirements
ANZ today confirmed that the Australian Prudential Regulation Authority (APRA) has advised that ANZ has been classified as a Domestic Systemically Important Bank (D-SIB) along with the other major Australian banks.
As a result the Capital Conservation Buffer (CCB) applied to the four major Australian banks will increase by 100 basis points from 1 January 2016 further strengthening the capital position of Australian D-SIBs.
The CCB is held in addition to the APRA minimum capital requirement and is designed to ensure that banks build up capital buffers outside periods of stress which can be drawn down in more difficult economic environments.
ANZ's current capital position is already in excess of APRA's requirements including the D- SIB overlay. Over time and through organic capital generation, ANZ may modestly increase its capital buffers from current levels.
For media enquiries contact:
Ayesha de Kretser Media Relations Manager Tel: +61-481-002-989 Email: [email protected]
Australia and New Zealand Banking Group Limited ABN 11 005 357 522