The Australian Prudential Regulation Authority ( APRA ) has helped lenders increase domestic capital levels after New Zealand proposed a reduction in capital ratios . The latter move would make banks able to raise NZD$20bn ( $ 12.6bn ) in the next five years . APRA , which wants to limit banks ' exposure to a single business transaction to 10 % , warned Australian customers could lack capital if more cash was invested overseas .
The Australian Prudential Regulation Authority (APRA) has suggested lenders increase domestic capital levels after New Zealand proposed a hike in capital ratios. The latter move would see banks needing to raise NZD$20bn ($12.6bn) in the next five years. APRA, which wants to limit banks' exposure to a single business unit to 10%, said Australian customers could lack protection if more cash was invested overseas.