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ASIC, banks delay rate rigging trial again as talks continue
Competition & Consumer Protection 2017-10-25 11:06 am By Cat Fredenburgh

The trial against three of Australia’s biggest banks over alleged interest rate rigging was pushed back again on Wednesday after lawyers for National Australia Bank and Australia and New Zealand Banking Group told the Federal Court they were still in settlement talks with the securities regulator.

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Corporate penalties to triple under new proposal
News 2017-10-24 12:36 pm By Cat Fredenburgh

The Australian Securities and Investments Commission could get more teeth under a new proposal by a Turnbull government taskforce released Tuesday, with penalties for corporate crime tripling from $1 million to $3 million.

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ANZ settles with ASIC on eve of trial
Financial Services 2017-10-23 12:05 pm By Cat Fredenburgh

Australia and New Zealand Banking Group Ltd. has reached an 11th-hour deal with the securities regulator over allegations of interest rate rigging.

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