Macquarie Group Shares Rise After ABA Said Mid-Sized Banks to Benefit from Streamlined Accreditation Process
MT Newswires Live
Oct 24, 2025
Macquarie Group (ASX:MQG) shares rose in afternoon trade on Friday after the Australian Banking Association (ABA) said Thursday that mid-sized banks are set to benefit from the Australian Prudential Regulation Authority's move to streamline the internal ratings-based accreditation process.
The changes are a practical and sensible pro-competition step from APRA, supporting competition and improved customer outcomes, ABA chief executive Simon Birmingham said.
Meanwhile, Bendigo and Adelaide Bank (ASX:BEN) and Bank of Queensland (ASX:BOQ) shares fell nearly 1%.
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