June 17 (Reuters) - APRA:
* AUSTRALIA'S APRA UPDATES ON WESTPAC INVESTIGATION
* APRA - ASIC IS INVESTIGATING CERTAIN CONDUCT IN CONNECTION WITH MATTERS ALLEGED BY AUSTRAC IN PROCEEDING AGAINST WESTPAC
* APRA - DELEGATED CERTAIN ENFORCEMENT POWERS TO ASIC ON AGENCIES' INVESTIGATIONS INTO MATTERS OF AUSTRAC'S PROCEEDING AGAINST WESTPAC
* APRA - ADDITIONAL $500 MILLION CAPITAL REQUIREMENT THAT APRA IMPOSED ON WESTPAC IN DEC 2019 REMAINS IN PLACE
* APRA - NO DECISION YET BEEN TAKEN BY ASIC AS TO WHETHER OR NOT ANY ENFORCEMENT ACTION IN THIS MATTER MAY BE APPROPRIATE
* APRA SAYS IT & ASIC DETERMINED THAT ON WESTPAC CONDUCT ASIC IS INVESTIGATING, THERE IS POTENTIAL FOR SIGNIFICANT OVERLAP OF FACTUAL BACKGROUND
* APRA & ASIC, ON ASIC'S INVESTIGATION ON WESTPAC CONDUCT, SAW THERE IS POTENTIAL OVERLAP OF LEGAL CONTRAVENTIONS UNDER CORPNS ACT2001 & BANKING ACT