Australian regulator urges banks, insurers to defer dividends amid virus outbreak
Share:
SYDNEY (Reuters) - Australia's prudential regulator on Tuesday asked banks and insurers to consider deferring dividend payouts or use buffers like dividend reinvestment plans until the impact of the coronavirus pandemic is better known.But the Australian Prudential Regulation Authority (APRA) stopped short of giving an official directive, even as central banks across the world have restricted plans to return capital to investors as the outbreak threatens earnings and disrupts operations.APRA..