Company News Summary | 01 Apr 2021

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Macquarie Group Responds to APRA Announcement

09:56:00 | Associate analysts

Original annuncemenet:Macquarie responds to APRA announcement

Macquarie Group noted that the Australian Prudential Regulation Authority's (APRA) announcement in relation to actions required regarding Macquarie Bank (MBL) risk management practices and ability to calculate and report key prudential ratios. The actions relate to specific intra-group funding arrangements as well as breaches of APRA's reporting standards on liquidity between 2018 and 2020. It notes APRA's comment that the breaches are historical and do not impact on the current overall soundness of its capital or liquidity positions.

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