APRA eases restrictions on dividends for banks and insurers

Wayne Byres, APRA chair

The Australian Prudential Regulation Authority (APRA) has updated its capital management guidance for banks and insurers, easing restrictions around paying dividends as institutions continue to manage the disruption caused by Covid-19. APRA’s updated guidance replaces its previous recommendations issued, which stated that banks and insurers should “seriously consider deferring decisions on the appropriate level of dividends until the outlook is…

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