Australia's prudential regulator, APRA, has announced that Bendigo and Adelaide Bank is no longer required to maintain an additional cash reserve after the bank addressed issues related to liquidity requirements.
no longer needs to keep an additional amount of cash reserve after the mid-sized lender took steps to rectify issues related to liquidity requirements.
The regulator had then said it would require the bank to set aside an extra 10% on top of the liquidity cover ratio it calculated until the "short-comings have been rectified to APRA's satisfaction". The removal of the liquidity add-on is effective Aug. 9, the regulator said after Bendigo completed a comprehensive review into its adherence with APRA's liquidity requirements.
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