Australian Prudential Regulation Authority (APRA) removes liquidity surcharge on Bendigo and Adelaide Bank for breach of APRA liquidity prudential standards。

APRA took action against Bendigo in 2020 in response to its multiple breaches of APS 210 liquidity, which revealed shortcomings in the bank's risk management practices and its ability to accurately calculate and report its liquidity ratios.。

The net cash outflow component of Bendigo's Liquidity Coverage Ratio (LCR) calculation applies a 10% added value, increasing the amount of liquid assets Bendigo needs to hold.。

Since then, Bendigo has completed a comprehensive review of the bank's compliance with APRA's liquidity requirements and has developed a remediation plan to address the shortcomings of the APRA decision.。Removal of liquidity surcharge effective from now on。