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BRIEF-Macquarie Responds To APRA Announcement

Published 01/04/2021, 12:43 pm
Updated 01/04/2021, 12:48 pm
© Reuters.

April 1 (Reuters) - Macquarie Bank Ltd MBL.UL :

* MACQUARIE GROUP LTD - MACQUARIE RESPONDS TO APRA ANNOUNCEMENT

* MACQUARIE GROUP LTD - HAS A NUMBER OF PROGRAMS IN PLACE TO STRENGTHEN CAPITAL AND LIQUIDITY REPORTING AND ITS RISK MANAGEMENT FRAMEWORK

* MACQUARIE GROUP-NOTES APRA'S ANNOUNCEMENT IN RELATION TO ACTIONS REQUIRED REGARDING MACQUARIE BANK'S RISK MANAGEMENT PRACTICES

* MACQUARIE-NOTES APRA'S COMMENT THAT BREACHES ARE HISTORICAL & DO NOT IMPACT ON CURRENT OVERALL SOUNDNESS OF CO'S CAPITAL OR LIQUIDITY POSITIONS

* MACQUARIE GROUP LTD - WILL WORK WITH APRA THROUGH A PERIOD OF INTENSIFIED SUPERVISION TO ADVANCE THIS WORK AS QUICKLY AS POSSIBLE

* MACQUARIE GROUP LTD - WILL ALSO WORK WITH APRA TO DETERMINE ANY NECESSARY RESTATEMENTS OF SELECTED HISTORICAL REGULATORY RETURNS

* MACQUARIE - INCREASE IN LEVEL 1 RWAS EXPECTED TO REDUCE BANK'S CET1 RATIO OF 12.7% AS AT SEPT 30, 2020 ON A PRO FORMA BASIS BY ABOUT 81 BASIS POINTS

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