Australia sets stricter license terms for ING local unit’s liquidity
Australia’s prudential regulator set license conditions for ING’s EURONEXT:INGA local unit, requiring more liquidity and capital after it overstated its liquidity position and at times breached minimum requirements.
Australia's prudential regulator said on Thursday that it imposed licence conditions on ING's local unit, requiring it to hold more liquidity and capital after the bank overstated its liquidity position and at times breached minimum requirements. The notice included a currency reference of $1 = 1.3951 Australi…