The penalty CBA will face will be in the order of 50 to 100 million.
We can assume this since in the TAB case, Judge Nye Perram gave a green light to the plea deal, sighting that it was not the number of breaches which determined the penalty of $45 mill, but it was the systematic failure.
CBA can make the same argument, as Narev has, CBA probably did a quick risk analysis of their situation after the Tab decision and decided to take no action since the penalty for a system failure is relatively small.
I think this now explains why the CBA SP has rebounded so strongly since August.
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Last
$137.55 |
Change
2.645(1.96%) |
Mkt cap ! $230.4B |
Open | High | Low | Value | Volume |
$137.04 | $137.96 | $136.54 | $374.9M | 2.879M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 379 | $137.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$137.55 | 359 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 53 | 137.490 |
3 | 184 | 137.480 |
4 | 85 | 137.470 |
9 | 329 | 137.460 |
7 | 1010 | 137.450 |
Price($) | Vol. | No. |
---|---|---|
137.500 | 14 | 2 |
137.520 | 103 | 3 |
137.530 | 132 | 3 |
137.540 | 107 | 3 |
137.550 | 518 | 7 |
Last trade - 12.46pm 16/08/2024 (20 minute delay) ? |
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