April 3 (Reuters) - The Australian Prudential Regulation Authority:
ACCEPTS COURT ENFORCEABLE UNDERTAKING FROM ANZ AND INCREASES CAPITAL ADD-ON TO A$1 BILLION
APRA HAS HAD LONG-STANDING CONCERNS OVER ANZ’S NON-FINANCIAL RISK MANAGEMENT PRACTICES AND RISK CULTURE
COMPLETION OF REMEDIATION PROGRAM ALONE WILL NOT EFFECTIVELY & SUSTAINABLY ADDRESS BROADER NON-FINANCIAL RISK WEAKNESSES ACROSS ANZ
UNDER TERMS OF COURT ENFORCEABLE UNDERTAKING, ANZ AGREED TO APPOINT INDEPENDENT REVIEWER TO COMPLETE GROUP-WIDE REVIEW, OTHERS
Further company coverage: ANZ.AX
((Reuters.Briefs@thomsonreuters.com;))
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