Original article by Clancy Yeates, James Eyers
The Australian Financial Review – Page: 1 & 10 : 14-Jul-15

Shares in Australia’s four major banks fell on 13 July 2015, after the Australian Prudential Regulation Authority (APRA) indicated that they will need to lift their capital by 200 basis points. However, APRA does not think it necessary for the banks to have sufficient capital to rank them in the top quartile globally. Jarrod Martin of Credit Suisse estimates that the banks will need to raise about $A28bn of additional capital to comply with APRA’s recommendation.

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, CREDIT SUISSE (AUSTRALIA) LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, CLSA AUSTRALIA PTY LTD, AUSTRALIAN BANKERS’ ASSOCIATION