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Australia's big banks rally on 'benign' capital requirements

The rules are part of regulatory efforts to ensure the country's large lenders can weather any downturn

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The Australian Prudential Regulatory Authority says ANZ, along with three other banks, will need to have Tier-1 capital ratios of at least 10.5% by January 1, 2020 in order to meet the necessary threshold level.

Sydney

SHARES of Australia's big four lenders rallied as new capital requirements aimed at ensuring the banks are "unquestionably strong" turned out to be less onerous than expected.

Australia & New Zealand Banking Group Ltd (ANZ), Commonwealth Bank of Australia, National

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