Westpac to Exit U.S. SEC Registration as Funding Base Strengthens

Westpac Banking ( (AU:WBC) ) just unveiled an announcement.

Westpac Banking Corporation announced on March 5, 2026 that it plans to voluntarily deregister from the U.S. Securities and Exchange Commission by filing a Form 15F as early as May 2026, which would suspend and ultimately terminate its reporting obligations under the U.S. Exchange Act. The move reflects strong growth in household deposits, a deposit-to-loan ratio now above 80%, and deeper Australian debt markets, allowing Westpac to shift the format of its U.S. dollar issuance while continuing to sell long-term securities to U.S. investors and provide information via its website, aligning its approach more closely with domestic peers and potentially reducing regulatory and compliance burdens.

The most recent analyst rating on (AU:WBC) stock is a Sell with a A$37.50 price target. To see the full list of analyst forecasts on Westpac Banking stock, see the AU:WBC Stock Forecast page.

More about Westpac Banking

Westpac Banking Corporation is one of Australia’s major banks, providing retail, business, and institutional banking services, with a strong presence in deposit-taking and lending across household and corporate markets. The bank also raises funding in domestic and international capital markets, including issuing long-term securities in U.S. dollars to support its global operations.

Average Trading Volume: 3,968,991

Technical Sentiment Signal: Buy

Current Market Cap: A$140.5B

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