BEN bendigo and adelaide bank limited

Oct 21 (Reuters) - APRA: APRA TAKES ACTION AGAINST BENDIGO AND...

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    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

    (([email protected];))

 
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Last
$12.65
Change
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