CBA sheds last $6.2bn of Apra’s op RWA add-on
Punitive charge was imposed in 2018 in wake of inquiry into bank’s practices
Commonwealth Bank of Australia (CBA) recouped A$500 million ($338 million) of Common Equity Tier 1 (CET1) capital in the first financial quarter, after the country’s regulator removed the last of a punitive add-on it imposed in 2018 over conduct and risk management failings.
The bank was allowed to shed around A$6.2 billion of operational risk-weighted assets (RWAs), fully ridding itself of a A
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