SYDNEY (Reuters) -ANZ, Australia’s third-largest residence lending establishment, has really situated no proof that thought misbehavior by the monetary establishment’s staff over a 2023 bond issuance had really set you again the Australian taxpayer, its chief govt officer knowledgeable a legislative questions on Friday.
The agency is being explored by the Australian firm regulatory authority after media information this 12 months said the monetary establishment’s bond buying and selling division was considered overemphasizing its perform in a 2023 federal authorities bond issuance.
Already the prudential regulatory authority has really knowledgeable the monetary establishment to lift the amount of cash it shares by 50% on account of issues concerning its menace monitoring.
“There has been speculation that potential misconduct by ANZ in connection with this issuance may have cost taxpayers,” CHIEF EXECUTIVE OFFICER Shayne Elliott knowledgeable a legislative listening to.
“From what I have seen, there is no evidence of this.”
(Reporting by Byron Kaye in Sydney; Editing by Alasdair Pal and Christian Schmollinger)
