Easing of op risk add-on boosts Commonwealth Bank
Top Australian lender Commonwealth Bank saw its operational risk-weighted assets (RWAs) fall by more than A$6.2 billion ($4.8 billion) over the fourth quarter of 2020 after its regulator cut in half a capital add-on imposed as punishment for past conduct failures.
The firm’s op RWAs stood just shy of A$50 billion at end-December, down 11% on three months prior and 16% on a year ago. On November 20, the Australian Prudential Regulation Authority (Apra), the bank’s watchdog, reduced its A$12.5
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