Australia's prudential regulator said on Thursday it has increased Macquarie Bank's liquidity and operational risk capital requirements after multiple breaches of regulatory and reporting standards.
The Australian Prudential Regulation Authority said it will require the bank to hold an operational capital overlay of A$500 million ($379.75 million), among other measures. The new requirements would take effect from April 1 onwards, it said.
(Reporting by Rashmi Ashok in Bengaluru; Editing by Krishna Chandra Eluri)
