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 set license conditions for ING's EURONEXT:INGA local unit, requiring the bank to hold more liquidity and capital after it overstated its liquidity position and at times breached minimum requirements.Here are the details:($1 = 1.3951 Australi…