APRA grants new authorised deposit-taking institution licence to volt bank
volt bank Limited was previously licensed by APRA in May 2018 as a Restricted ADI.
More information on the Restricted ADI licence framework can be found at: https://www.apra.gov.au/media-centre/media-releases/apra-finalises-new-restricted-adi-licensing-framework
An updated list of all APRA-authorised ADIs can be found on the APRA website at: https://www.apra.gov.au/register-authorised-deposit-taking-institutions
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.