Commonwealth Bank hit by A$1bn op risk add-on

The Commonwealth Bank of Australia has been slapped with a A$1 billion ($744 million) add-on to its operational risk capital requirement, following the conclusion of an inquiry into its governance, culture and accountability by the Australian Prudential Regulation Authority on May 1.

The adjustment to the CBA’s op risk regulatory buffer, equivalent to a A$12.5 billion increase in its risk-weighted assets, is effective from April 30 – the date on which the bank entered into an “enforceable

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: