ANZ Group’s (ASX: ANZ) Stock Price Tumbles Following Regulator's Action on Risk Management

Thu 03 Apr 25, 02:10 AM | Team Kalkine

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Highlights

Shares of ANZ Group (ASX:ANZ) fell 3.5% to A$28.62 on Thursday, marking the lowest level for the stock since March 25, 2024. The decline followed news that Australia’s bank regulator had accepted a court-enforceable undertaking from ANZ regarding its non-financial risk management practices and risk culture. This action is part of the ongoing regulatory scrutiny of the banking sector in Australia.

In addition to the undertaking, the Australian Prudential Regulation Authority (APRA) announced it would increase ANZ’s capital add-on requirement to A$1 billion ($626.7 million), up from the previous A$750 million. This move is aimed at addressing concerns related to the lender’s risk management and operational practices. The regulator’s decision has raised concerns among investors about the potential impact on ANZ’s future capital requirements and overall stability.

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