Business
Bendigo and Adelaide Bank penalised for overstating liquidity – The Australian Financial Review
APRA penalised the bank and ordered an independent review after it was found to have overstated its liquidity going back to 2015.
The prudential regulator commissioned an independent review of Bendigo and Adelaide Bank’s compliance with liquidity benchmarks while penalising the bank after it self-reported multiple breaches of key benchmarks going back to 2015.
Bendigo and Adelaide Bank’s Marnie Baker is due to face shareholders at the AGM on Tuesday. Eamon Gallagher
The Australian Prudential Regulation Authority added a 10 per cent buffer to the lender’s liquidity coverage ratio and raised the prospect of additional penalties…
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