APRA $250M additional capital — IAG (governance)
capital directive9 Nov 2023
Respondent
Insurance Australia Group Limited
Facts
Following risk culture and governance weaknesses, APRA required IAG to hold an additional $250M operational risk capital.
Outcome
Capital requirement remains pending IAG's remediation roadmap delivery.
Read the source
https://apra.gov.au/news-and-publications/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.