Business
After Xinja’s collapse, the banking regulator is raising the bar for new banks to prevent future failures – Business Insider Australia
Regulator APRA has raised the bar for all future entrants into Australia’s banking sector, following the failure of Xinja.
- Australia’s next wave of neobanks will face even greater obstacles in getting approved, thanks to new licensing changes.
- Updating the requirements on Wednesday, regulator APRA now demands all new banks have a tested “income-generating asset” such as loans…
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