Report
David Ellis
EUR 100.00 For Business Accounts Only

APRA’s Proposed Changes to Capital Framework a Positive Development for Banks

The Australian Prudential Regulation Authority’s, or APRA’s, new capital guidelines released on June 12, 2019 contained no major surprises. A key highlight was the proposal to hold slightly more capital for high-risk loans (interest-only and investment property loans) relative to low-risk loans (owner occupied, principal and interest loans). Currently, all mortgages have the same capital requirements irrespective of their levels of risk. While due to come into effect until Jan. 1, 2022, we think...
Underlying
Westpac Banking Corporation

Westpac Banking is a banking organization with branches, affiliates and controlled entities throughout Australia, New Zealand, Asia and in the Pacific region. Co. provides a range of banking and financial services in these markets, including consumer, business and institutional banking and wealth management services. Co. is engaged in the provision of financial services including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services. As of Sep 30 2017, Co. had total assets of A$851,875,000,000.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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