SYDNEY (Reuters) -ANZ, Australia’s third-largest home lending institution, has actually located no proof that thought misbehavior by the financial institution’s workers over a 2023 bond issuance had actually set you back the Australian taxpayer, its chief executive officer informed a legislative questions on Friday.
The firm is being explored by the Australian company regulatory authority after media records this year stated the financial institution’s bond trading division was thought of overemphasizing its function in a 2023 federal government bond issuance.
Already the prudential regulatory authority has actually informed the financial institution to raise the quantity of money it stocks by 50% as a result of problems regarding its threat monitoring.
“There has been speculation that potential misconduct by ANZ in connection with this issuance may have cost taxpayers,” CHIEF EXECUTIVE OFFICER Shayne Elliott informed a legislative hearing.
“From what I have seen, there is no evidence of this.”
(Reporting by Byron Kaye in Sydney; Editing by Alasdair Pal and Christian Schmollinger)
