July 24 (Reuters) - Macquarie Group Ltd MQG.AX :
* RESPONDS TO APRA ANNOUNCEMENT
* HAS REMOVED MAC CLAUSE TO RESTORE CONTRACTUAL TENOR OF LOANS & ENSURE THERE WILL BE NO IMPACT ON MBL'S LCR CALCULATION GOING FORWARD
* HISTORICAL RESTATEMENTS HAVE NO IMPACT ON OVERALL FINANCIAL OR CAPITAL POSITION OF CONSOLIDATED GROUP
* ON A PRO FORMA BASIS FOLLOWING REMOVAL OF MAC CLAUSE, MBL'S AVERAGE LIQUIDITY COVERAGE RATIO FOR JUNE 2019 QUARTER STOOD AT 166%
* MACQUARIE WILL RESTATE ITS HISTORICAL LCR DATING BACK TO 1 JULY 2017 TO REFLECT APRA'S INTERPRETATION OF MAC CLAUSE
* APRA RECENTLY CLARIFIED ON EXISTENCE OF A MATERIAL ADVERSE CHANGE (MAC) CLAUSE IN MASTER LOAN AGREEMENT BETWEEN CO & MACQUARIE BANK