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ANZ-cartel investigation scrutinized over Australian regulators' coordination

By Laurel Henning ( July 22, 2020, 09:01 GMT | Insight) -- A lawyer for Australian & New Zealand Banking Group pressed Australia’s top competition enforcement official over the details of meetings between a high-ranking official from the watchdog and the country’s securities regulator when both authorities were first investigating a 2015 ANZ share placement. Appearing in a Sydney court today, Tim Game said that following meetings with Sarah Court, commissioner of the Australian Competition & Consumer Commission, the Australian Securities and Investments Commission decided to prioritize pursuing his client over other banks involved in the share placement. A lawyer for Australian & New Zealand Banking Group today pressed the top enforcement official at the Australian Competition & Consumer Commission, or ACCC, over the details of meetings between a high-ranking official from the watchdog and the country’s securities regulator when both authorities were first investigating a 2015 ANZ share placement....

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