SYDNEY (Reuters) - Australia's banking regulator said it has forced Macquarie Group Ltd
The Australian Prudential Regulation Authority (APRA) said it had reviewed the lenders and found they were "improperly reporting the stability of the funding they received from other entities within the group", in a statement.
"APRA is requiring these banks to strengthen intra-group agreements to ensure term funding cannot be withdrawn in a financial stress scenario."
(Reporting by Tom Westbrook; Editing by Michael Perry)
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Updated Date: Jul 24, 2019 05:08:07 IST