Westpac Banking Corp. (WBC.AX), Friday announced the Australian Prudential Regulation Authority's decision to reduce the company's total operational risk capital overlay from $1 billion to $500 million.
Following this, the Common Equity Tier 1 capital ratio will rise by around 18 basis points, reflecting a reduction in the risk-weighted assets of $6,250 million.
The company added that the change will be effective immediately.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.