Moullakis (1^st April 2021), Macquarie Bank hit with $500m capital charge, The Australian - Busines Review, [online].

 

Provide a brief summary of the main points discussed in the article.

  

Relating to the article, explain which two pillars of the Basel III requirements does Macquarie's managing director, Mary Reemst, addresses in the statement on "the programs to strengthen capital and liquidity reporting and its internal risk management framework".

 

What are consequences the regulator imposes on Macquarie as a result of the breaches of Macquarie' banking division?  

 

Based on the statement by the Macquarie's banking arm, does the bank comply with the common equity tier 1 capital ratio before and after APRA's required adjustments to the available stable funding component to increase capital (Basel III)?