APRA extends IN1Bank’s licence to operate as restricted ADI
APRA has granted IN1Bank Ltd a second extension of its licence to operate for a limited time as a restricted ADI.
APRA has granted IN1Bank Ltd a second extension of its licence to operate for a limited time as a restricted ADI.
The Australian Prudential Regulation Authority (APRA) has revoked Volt Bank Limited’s authorised deposit-taking institution (ADI) licence.
The Australian Prudential Regulation Authority (APRA) notes that Volt Bank has completed the process of returning deposits to its customers.
This determination follows the acquisition of Citigroup Pty Limited’s consumer banking business by NAB in June 2022.
As Australia’s financial safety regulator, APRA will closely monitor the process to ensure funds are returned to Volt depositors.
APRA has outlined its risk management expectations for regulated entities that engage in activities associated with crypto-assets.
APRA has authorised Barclays Bank PLC to operate as a foreign authorised deposit-taking institution (ADI) in Australia.
This determination follows the acquisition of 86 400 Ltd by National Australia Bank Limited (NAB) in May 2021.
APRA has granted IN1Bank Ltd an extension of its licence to operate for a limited time as a restricted ADI.
The website of Xinja Bank has gone blank several days after APRA revoked its ADI license.