Original article by Clancy Yeates
The Australian Financial Review – Page: 19 : 15-Jul-15
Proposed new capital requirements for banks have been described as "sensible" by financial system inquiry chairman David Murray. The Australian Prudential Regulation Authority has adopted some key recommendations of the inquiry, and Murray says he is not concerned about the fact that it rejected a recommendation for the nation’s banks to be among the top 25 in the world in terms of capital ratios.
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AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD