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INGA — ING Groep News Story

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Brief: Australia's APRA Takes Action To Address Material Liquidity Breaches By ING Australia

BRIEF-Australia's APRA Takes Action To Address Material Liquidity Breaches By ING Australia

- AUSTRALIA'S APRA:

  • APRA TAKES ACTION TO ADDRESS MATERIAL LIQUIDITY BREACHES BY ING AUSTRALIA

  • HAS IMPOSED LICENCE CONDITIONS ON ING BANK AUSTRALIA LIMITED

  • WILL REQUIRE ING BANK AUSTRALIA TO HOLD ADDITIONAL CAPITAL, LIQUIDITY IN RESPONSE TO MATERIAL BREACHES OF BANK’S MINIMUM LIQUIDITY REQUIREMENTS

  • HAS IMPOSED A A$50 MILLION OPERATIONAL RISK CAPITAL ADD-ON TO ING AUSTRALIA

Further company coverage: INGA.AS


((Reuters.Briefs@thomsonreuters.com;))

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