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The Government today announced a proposed compensation scheme that would provide superannuation members with a clearer pathway to compensation where significant losses arise because trustees have failed to meet their obligations.
APRA has imposed licence conditions on Bendigo and Adelaide Bank Limited (Bendigo Bank) following findings of longstanding and pervasive weaknesses in the bank's non-financial risk management framework and the failure of the bank’s previous efforts to deliver sustainable improvement.
Bendigo and Adelaide Bank Limited (Bendigo Bank) has conceded it has breached its obligations under the Banking Executive Accountability Regime (BEAR) in relation to a 2023 cyber attack involving its Alliance Bank business.
APRA has released its response to submissions on the consultation to remake three Level 3 conglomerate prudential standards ahead of their scheduled sunset on 1 October 2026.
APRA has granted Revolut Payments Australia Pty Ltd a licence to operate as an authorised-deposit taking institution (ADI) under the Banking Act 1959 (the Act).
APRA has granted Taipei Fubon Commercial Bank Co., Ltd a licence to operate as a foreign authorised deposit-taking institution (Foreign-ADI) under the Banking Act 1959.
