ING Hit with $50M Capital Penalty by APRA over Liquidity Breaches

ING hit with $50M capital penalty by APRA over liquidity breaches

Save (0) Please login to bookmark Close Username or Email Address Password Remember Me The Australian Prudential Regulation Authority has imposed a $50 million capital penalty and other licence conditions on ING Australia, after the bank breached minimum liquidity requirements over several years. Subscribe to Lawyerly to access this article. Already a subscriber? Username or Email Address …

Australia regulator imposes A$50M capital add-on on ING after liquidity breaches (ING:NYSE)

Australia’s prudential regulator has imposed additional capital and liquidity requirements on ING Bank (ING) after the bank overstated its liquidity position over several years and at times breached minimum liquidity requirements.

ING hit with $50m capital penalty over liquidity breach

The Dutch-owned banking challenger persistently overstated its liquidity and access to cash, according to regulators.

Australia Tells ING to Boost Capital on Flawed Liquidity Reports

Australia’s banking regulator put additional capital requirements on ING Bank Australia Ltd. after the lender revealed it had misreported its liquidity position over several years.

Australia raises capital requirements for ING's local unit after overstating liquidity position

APRA imposes licence conditions on ING Bank Australia Limited

The Australian Prudential Regulation Authority (APRA) has imposed licence conditions on ING Bank Australia Limited.