Oct 15 (Reuters) - Westpac Banking Corp WBC.AX :
* ACKNOWLEDGES RELEASE OF A DISCUSSION PAPER BY AUSTRALIAN PRUDENTIAL REGULATORY AUTHORITY (APRA)
* THERE IS NO IMPACT FROM THIS PROPOSAL ON CALCULATION OF GROUP'S REPORTED REGULATORY CAPITAL RATIOS ON A LEVEL 2 BASIS
* MUST CONTINUE TO MEET PRUDENTIAL REQUIREMENTS FOR LEVEL 1 CAPITAL WHICH MAY ULTIMATELY IMPACT CAPITAL RATIOS ON A LEVEL 2 BASIS
* EXPECTS TO FINALISE REVIEW ANNOUNCED ON TUESDAY ALONG WITH ITS BROADER REVIEW OF CAPITAL ADEQUACY FRAMEWORK IN 2020
* ON PROFORMA BASIS AT 30 JUNE, ESTIMATED APPLYING APRA'S PROPOSED APPROACH TO REDUCE CO'S LEVEL 1 CET1 CAPITAL RATIO BY ABOUT 40BPS
* WESTPAC'S LEVEL 2 CET1 RATIO AT 30 JUNE 2019 WAS 10.5% AND WOULD NOT BE AFFECTED BY THIS CHANGE