APRA provides temporary capital relief to banks
- Thursday, 19 March 2020
The Australian Prudential Regulation Authority (APRA) is temporarily relaxing expectations on bank capital ratios to ensure banks can continue to provide credit while dealing with funding problems caused by COVID-19, the regulator revealed on 19 March. The announcement followed shortly after the Reserve Bank of Australia (RBA)’s monetary policy decision and the unveiling of further stimulus from the federal government.
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