"anz risk managers knew of the dangers" opes, page-7

Interesting report in the Age newspaper concerning ANZ behaviour.

''His counsel, Robert Richter, QC, lashed the behaviour of Opes Prime's financier, ANZ, during the broker's death throes.
As Opes Prime teetered, ANZ renegotiated its loan agreement with the group, freeing the bank from a potential $240 million liability if the deal was paid out at market prices.
''Essentially what happened at the final denouement was a situation in which a gun was held to some heads and it wasn't to Mr Emini's head because by then his head had fluttered away,'' Mr Richter told the court.
''The gun was held to some heads and it was loaded with $95 million of Monopoly money to be shot onto a board for the return of $240 million real dollars.''