Bendigo and Adelaide Bank

  • APRA Licence Conditions: The Section 9AA Power Behind the Bendigo Action

    On 18 August 2026, APRA imposed licence conditions on Bendigo and Adelaide Bank Limited over what it described as longstanding and pervasive weaknesses in the bank’s non-financial risk management framework. The action is worth reading closely by every Australian authorised deposit-taking institution, because APRA reached for a power that sits underneath the banking authority itself…

  • APRA’s BEAR Case Against Bendigo: An $8m Cyber Accountability Test

    Bendigo and Adelaide Bank has admitted it breached its accountability obligations under the Banking Executive Accountability Regime (BEAR), and on 10 August 2026 the Australian Prudential Regulation Authority (APRA) filed civil penalty proceedings against it in the Federal Court. The parties have jointly proposed that the bank pay an $8 million pecuniary penalty, subject to…