Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREAPRA lifts bank capital requirements, may push up interest rates
The bank regulator has announced moves to make all banks safer, with the big four bearing the brunt of increased capital requirements to make them "unquestionably strong".
The Australian Prudential Regulation Authority (APRA) has outlined its new "capital adequacy" targets in an information paper, and will require a 150-basis-point (1.5-percentage-point) increase in the minimum safety reserves that must be held by the big four banks and Macquarie.
Read the full article on ABC Online.
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