A copy of the letter sent by APRA to ANZ regarding Prudential Concerns and Supervisory Requirements.

Written by Claude Haiku 4.5 from the extracted text on 27 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

APRA issued supervisory requirements to Australia and New Zealand Banking Group Limited (ANZ) on 22 August 2024, citing persistent concerns about non-financial risk management and risk culture. ANZ has failed to make sufficient progress to justify removal of a $500 million operational risk capital add-on imposed in 2019. Recent issues—including misreporting of bond trading data to the Australian Office of Financial Management in 2022-2023 and conduct problems in the Markets business—indicate continuing risk governance weaknesses. APRA requires ANZ to: commission an external independent review of root causes and risk governance in its Markets business; develop and implement a remediation plan addressing the review's findings; and hold an additional $250 million in operational risk capital. APRA signalled it will consider further enforcement actions if concerns are not promptly and effectively addressed.