SYDNEY, July 8 -- Australian Prudential Regulation Authority issued the following media release:
The Australian Prudential Regulation Authority (APRA) has begun consulting on proposed changes to its bank prudential and reporting frameworks to phase out Additional Tier 1 (AT1) capital instruments.
A consultation paper, draft prudential standards, draft reporting standards, and draft prudential practice guides are available on the APRA website at: Improving the effectiveness of Additional Tier 1 capital instruments.
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