Jul
12
Australian Banks Seen Needing $21 Billion Capital to Lift Ratios
ByAustralia’s largest banks will need to hold at least A$28 billion ($21 billion) in extra capital to rank among the safest lenders globally, according to Goldman Sachs Group Inc. and Credit Suisse Group AG.
The estimates followed a study released Monday by the nation’s banking regulator that found the four lenders would need to boost their capital ratios by at least 2 percentage points to reach the top quartile of global banks.
While not binding, the Australian Prudential Regulation Authority’s report is an effort to add clarity after a government review last December recommended banks have capital levels held by the top 25 percent of lenders globally…
Australian Banks Seen Needing $21 Billion Capital to Lift Ratios
