Investing.com - Financial Markets Worldwide
Black Friday Sale! Save huge on InvestingProGet up to 60% off

BRIEF-Australia and New Zealand Banking rejects ASIC allegations

Published 04/03/2016, 02:39 pm
Updated 04/03/2016, 02:40 pm
© Reuters. BRIEF-Australia and New Zealand Banking rejects ASIC allegations
ANZ
-

March 4 (Reuters) - Australia and New Zealand Banking Group Ltd ANZ.AX :

* Anz rejects asic allegations ANZ.AX

* Says chat messages between traders is an issue that we will continue to review

* Already dealt with chats and behaviours that breach our code of conduct through internal disciplinary action against the individuals involved"

* Rejected allegations regarding bank trading and bank bill swap rate claims made by the Australian securities and investments commission

* New Zealand - says asic has advised anz that it has no concerns about the bank's current market practices and anz notes

* Asic's legal action is likely to take considerable time to reach resolution through courts and matter of penalties is uncertain

* Anz will vigorously defend legal action brought by asic"

* Believe commission's statement of claim is based on misunderstanding of how bank bill issuance and interest rate risk management operates"

* Our practices in the bbsw market were consistent with Australian market practices in wholesale financial markets"

* Source text for Eikon ID:nASX28H4RQ

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.