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APRA Reduces Westpac Capital Add-On by $500M

by Starling Insights

Observations

Jul 24, 2024

The Australian Prudential Regulation Authority (APRA) announced last week that it would reduce the $1 billion operational risk capital add-on it had applied to Westpac by $500 million. APRA said the reduction was due to the bank's progress in improving its governance, culture, and risk management.

The 2024 Compendium is available June 11th!

Now in its 7th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

ASIC Culture Survey Shows "Dire" Results

by Starling Insights

Observations

May 16, 2024

Staff at the Australian Securities and Investments Commission (ASIC) reported critically low levels of satisfaction and motivation in a 2023 culture survey, as reported by the Australian Financial Review.