Australian regulator increases capital add-on requirement for ANZ to $502 million

(Reuters) – Australian prudential regulator on Friday said it has increased the capital add-on requirement for lender ANZ Group to A$750 million ($502.73 million), reflecting escalating worries about the bank’s management of non-financial risks.

($1 = 1.4919 Australian dollars)

(Reporting by Roushni Nair in Bengaluru; Editing by Mohammed Safi Shamsi)