Bendigo and Adelaide Bank Hit with Licence Conditions by APRA

Bendigo and Adelaide Bank hit with licence conditions by APRA

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me The prudential regulator has imposed licence conditions on Bendigo and Adelaide Bank and will keep a $50 million capital add-on requirement, following a Deloitte analysis that found “material deficiencies” in its non-financial risk management. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Addres…

Bank slugged $70m to fix ‘serious’ risks

Australia’s prudential regulator has tightened its grip on an Aussie bank, imposing licence conditions over failures, including money laundering issues.

APRA hits Bendigo Bank with tougher licence terms over risk failures

The regulator says it is not satisfied the bank has addressed the underlying causes of its risk management issues despite having had an opportunity to do so.