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Sector
Financials
Size
Large Cap
Market Cap £5.74bn
Enterprise Value £8.08bn
Revenue £11.98bn
Position in Universe 51st / 1837

BRIEF-Australia's APRA Says Expects Banks, Insurers To Limit Capital Distributions In Months Ahead

Tue 7th April, 2020 9:23am
April 7 (Reuters) - Australian Prudential Regulatory
Authority: 
    * AUSTRALIA'S APRA SAYS IT EXPECTS ADIS AND INSURERS TO
LIMIT
DISCRETIONARY CAPITAL DISTRIBUTIONS IN MONTHS AHEAD
    * APRA SAYS IT EXPECTS ADIS & INSURERS WILL SERIOUSLY
CONSIDER
DEFERRING DECISIONS ON APPROPRIATE LEVEL OF DIVIDENDS UNTIL
OUTLOOK IS CLEARER
    * AUSTRALIA'S APRA SAYS WHERE BOARD IS CONFIDENT THEY ARE
ABLE TO
APPROVE DIVIDEND, THE DIVIDEND SHOULD BE AT MATERIALLY REDUCED
LEVEL
    * APRA SAYS IT ALSO EXPECTS BOARDS WILL APPROPRIATELY LIMIT
EXECUTIVE CASH BONUSES, MINDFUL OF CURRENT CHALLENGING
ENVIRONMENT
    * APRA SAYS IT EXPECTS BANKS AND INSURERS TO LIMIT
DISCRETIONARY
CAPITAL DISTRIBUTIONS, INCLUDING PRUDENT CUTS IN DIVIDENDS

Source text https://bit.ly/2Xgfm8I

 ((Reuters.Briefs@thomsonreuters.com;))
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