Macquarie (MQG ASX) hit with APRA penalty, overshadowing Shemara Wikramanayake’s final earnings report showing a half-year profit

Australian Financial Review · Joanne Tran, Lucas Baird · 2026-11-05 22:02 UTC

Commonwealth Bank chief Matt Comyn has repeatedly complained that the rival firm used its unique operating structure to give itself a competitive advantage.

Macquarie will be forced to hold an extra $100 million on its balance sheet amid intense lobbying by Commonwealth Bank chief executive Matt Comyn over a controversial company structure, overshadowing a bumper half-year result and Shemara Wikramanayake’s last day running the firm.

The Australian Prudential Regulation Authority said it had reviewed Macquarie’s structure and found that it had been holding too little capital to comply with conditions of being a bank, adding that it would force an additional $100 million to be set aside and “consider further action”.

Loading...

Read the full story at Australian Financial Review · All coverage of this story