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Australian regulator revokes ADI license of Bank of Nova Scotia

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The Australian Prudential Regulation Authority (APRA) today announced that it is revoking the authorised deposit-taking institution (ADI) license of the Bank of Nova Scotia.

The regulator explained that it has agreed to a request from the Bank of Nova Scotia to revoke its license following the bank’s decision to exit the Australian banking market.


Maria Nikolova

Maria has been engaged in journalism for more than 17 years, providing Forex industry coverage for the past 10 years. Before joining FNG she was Managing Editor at FinanceFeeds. Prior to that, she worked at LeapRate. Maria has a Philosophy degree from the St. Kliment Ochridski university in Sofia. She has specialized in Cognitive Science in Vienna. Her interests include psychology, AI, and linguistics.

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