This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

ANZ settles rate-rigging allegations with ASIC

( October 23, 2017, 05:20 GMT | Insight) -- Australia & New Zealand Banking Group has settled rate-rigging allegations brought against it by the Australian Securities and Investments Commission, paying a penalty of around A$50 million ($39 million), the Australian reports.Australia & New Zealand Banking Group has settled rate-rigging allegations brought against it by the Australian Securities and Investments Commission, paying a penalty of around A$50 million ($39 million), the Australian reports. National Australia Bank and Westpac are now under pressure to reach their own settlements with the regulator or face an eight-week Federal Court trial. ANZ's deal with ASIC deal is believed to have provided the bank with some protection in class action proceedings, as it admitted wrongdoing. The banks were accused by ASIC of rigging the bank bill swap rate, a key interest rate benchmark, to boost their profits....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login