Oct 21 (Reuters) - APRA:
- APRA TAKES ACTION AGAINST BENDIGO AND ADELAIDE BANK FOR BREACHING PRUDENTIAL STANDARD ON LIQUIDITY
- APRA - INCREASED BENDIGO AND ADELAIDE BANK’S MINIMUM LIQUIDITY REQUIREMENT FOR FAILING TO COMPLY WITH APRA’S ADI PRUDENTIAL STANDARD ON LIQUIDITY
- APRA SAYS BENDIGO AND ADELAIDE BANK INFORMED APRA IN SEPTEMBER OF MULTIPLE BREACHES OF APS 210 STEMMING FROM IT CODING
- APRA - WILL REQUIRE REVIEW BY INDEPENDENT THIRD PARTY INTO BENDIGO AND ADELAIDE BANK'S ADHERENCE WITH APRA’S LIQUIDITY REQUIREMENTS
- APRA - BENDIGO AND ADELAIDE BANK'S BREACHES, WHILE MATERIAL, DO NOT IMPACT OVERALL SOUNDNESS OF BANK’S CURRENT LIQUIDITY POSITION
- APRA SAYS WILL ALSO REQUIRE BEN TO APPLY A 10 PER CENT ADD-ON TO THE NET CASH OUTFLOW COMPONENT OF ITS LCR CALCULATION,
- APRA-ADD ON TO NET CASHFLOW COMPONENT WILL REMAIN IN PLACE UNTIL INDEPENDENT REVIEW IS FINALISED & SHORT-COMINGS HAVE BEEN RECTIFIED
Source text https://bit.ly/34eRiq4
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News: BEN APRA Takes Action Against Bendigo And Adelaide For Breaching Standard On Liquidity
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