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 Sept 3 (Reuters) - 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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