Did they adequately disclose? You think including a generic 'key risk' in the prospectus is the same as making a market sensitive announcement? Did that key risk outline the likely imposition of a $1bn fine?
Have you read the prospectus?
"If Westpac fails, or where Westpac fails, to comply with these obligations...."
Reads like boilerplate to me...
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held