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Westpac Banking Corporation London Branch & Westpac Europe Limited Regulatory Disclosures

 Westpac Europe Limited is a company registered in England (number 05660023) and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
 

This Disclosure section of the Westpac website contains the relevant disclosures and a detailed description of the key regulatory information that Westpac Europe Limited ("WEL") provides to interested parties within the disclosure framework under the EU Capital Directive IV & the EU Capital Requirements Regulation Part 8.
 

The Capital Requirements Directive IV (CRD IV) & Capital Requirements Regulation (CRR) created a revised regulatory capital framework across Europe, based on the provisions of the Basel III Capital Accord. The framework comprises three "Pillars".
 

Pillar 1 establishes rules for the calculation of minimum capital for credit, market, operational risk and leverage (capital adequacy requirements).
 

Pillar 2 is an internal discipline to evaluate the adequacy of the regulatory capital requirement under Pillar 1 and other non Pillar 1 risks. This pillar requires the PRA to undertake a supervisory review to assess the robustness of the regulated entity's internal assessment (risk management and supervision).
 

Pillar 3 complements the other pillars and affects market discipline through public disclosure. Expanded disclosure about capital and risk enables interested parties to better understand the risk profile of individual banks and companies and to make comparisons (market discipline). The aim of Pillar 3 is to publish a set of disclosures which allow market participants to assess key information on the capital condition, risk exposures and risk assessment process.
 

ICAAP

As a regulated company, WEL is required to disclose certain aspects of regulatory information and certain details of internal processes relating to the structure and operations in place to measure and report risks. As part of this disclosure, details of the capital structure and regulatory capital requirements are required. The disclosures in the document below complement the work already undertaken by the firm in its assessment of capital requirements under the Internal Capital Adequacy Assessment Process (ICAAP).

Pillar 3 - September 2017 (PDF 1MB)

Pillar 3  - September 2016 (PDF 973KB)

Pillar 3  - September 2015 (PDF 1MB)


WBC London & WEL MiFID II Regulatory Disclosures
 

MiFID II and the accompanying Regulation on Markets in Financial Instruments and Amending Regulation (“MiFIR”, collectively referred to as MiFID II) came into effect on 3rd January 2018.  The new legislation seeks to provide a European-wide legislative framework for regulating the operation of financial markets in the EU and UK.  MiFID II transforms the investor protection and organisational framework of financial services firms operating in the EU.  MiFIR modifies and expands the framework of trading venues and structures in which financial instruments are traded.  MIFIR also focuses on the operation of those trading venues and structures, their processes, systems and governance.   At the same time MiFID II significantly increases the level of transparency achieved across EU markets and participants.
 

To meet these objectives, MiFID II places a range of information provision and disclosure requirements on Westpac Banking Corporation London Branch and Westpac Europe Limited.  This section of the website contains the applicable policy and data disclosures to satisfy MiFID II obligations:

 

United Kingdom disclosure documents

Westpac Order Execution Policy Disclosure Statement (PDF 62KB)

Costs and Charges (PDF 5KB)

Allocations (PDF 200KB)

MTFs List (PDF 59KB)

Conflicts of Interest Policy (PDF 213KB)

Terms of business with Westpac Banking Corporation (PDF 504KB)

Terms of business with Westpac Europe Limited (PDF 595KB)

Westpac London Branch Systematic Internaliser Disclosure Statement (PDF 115KB)

Best Execution

 

RTS 28 – Securities Financing Transactions

 

RTS 28_Table 3 (SFT)_Westpac Banking Corporation (London Branch)_Debt instruments (XLS 10KB)
RTS 28_Table 3 (SFT)_Westpac Banking Corporation (London Branch)_Debt instruments

RTS 28_Table 3 (SFT)_Westpac Europe Limited_Debt instruments (XLS 10KB)

RTS 28_Table 3 (SFT)_Westpac Europe Limited_Debt instruments

RTS 28_Table 3 (SFT)_Westpac Banking Corporation (London Branch)_Commodity derivatives (XLS 10KB)

RTS 28_Table 3 (SFT)_Westpac Banking Corporation (London Branch)_Commodity derivatives

 

RTS 28 – Non Securities Financing Transactions

 

RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_Commodity derivatives (XLS 9KB)
RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_Commodity derivatives
RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_Credit derivatives (XLS 9KB)
RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_Credit derivatives
RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_Debt instruments (XLS 9KB)
RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_Debt instruments
RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_FX derivatives (XLS 9KB)
RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_FX derivatives
RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_Interest rate derivatives (XLS 9KB)
RTS 28_Table 2 (Non SFT)_Westpac Banking Corporation (London Branch)_Interest rate derivatives

 

RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_Commodity derivatives (XLS 10KB)
RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_Commodity derivatives
RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_Credit derivatives (XLS 9KB)
RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_Credit derivatives
RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_Debt instruments (XLS 9KB)
RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_Debt instruments
RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_FX currency derivatives (XLS 9KB)
RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_FX currency derivatives
RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_Interest rate derivatives (XLS 9KB)

RTS 28_Table 2 (Non SFT)_Westpac Europe Limited_Interest rate derivatives

RTS 27 - Quality of Execution reporting

 

Westpac Europe Limited
 

549300RTZMW2HYAV4515_30062018_RTS_27_Table_1
549300RTZMW2HYAV4515_30062018_RTS_27_Table_2
549300RTZMW2HYAV4515_30062018_RTS_27_Table_3
549300RTZMW2HYAV4515_30062018_RTS_27_Table_4
549300RTZMW2HYAV4515_30062018_RTS_27_Table_5
549300RTZMW2HYAV4515_30062018_RTS_27_Table_6
549300RTZMW2HYAV4515_30062018_RTS_27_Table_9

Westpac Europe Limited provides these reports as an Other Liquidity Provider as defined under MiFID II, and the data is prepared and published on a best efforts basis. In some cases the data required cannot be linked to the financial instrument and these fields are marked: "data incomplete". Westpac Europe Limited reserves the right to update the published information if material changes are required.

 

Westpac Banking Corporation London Branch
 

EN5TNI6CI43VEPAMHL14_30062018_RTS_27_Table_1
EN5TNI6CI43VEPAMHL14_30062018_RTS_27_Table_2
EN5TNI6CI43VEPAMHL14_30062018_RTS_27_Table_3
EN5TNI6CI43VEPAMHL14_30062018_RTS_27_Table_4
EN5TNI6CI43VEPAMHL14_30062018_RTS_27_Table_5
EN5TNI6CI43VEPAMHL14_30062018_RTS_27_Table_6
EN5TNI6CI43VEPAMHL14_30062018_RTS_27_Table_9
 

Westpac Banking Corporation, London Branch provides these reports as an Other Liquidity Provider as defined under MiFID II, and the data is prepared and published on a best efforts basis. In some cases the data required cannot be linked to the financial instrument and these fields are marked: "data incomplete". Westpac Banking Corporation, London Branch reserves the right to update the published information if material changes are required.