July 25 (Reuters) - Australia and New Zealand Banking Group Ltd (AN3PL) :
- UPDATE ON INVESTIGATIONS INTO AUSTRALIAN MARKETS BUSINESS
- PROVIDED AN UPDATE ON PROGRESS OF ITS ONGOING INVESTIGATIONS INTO POTENTIAL TRADING AND CONDUCT ISSUES IN PARTS OF ITS MARKETS BUSINESS.
- ADVISED AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT IN AUGUST 2023 IT HAD SUBMITTED INCORRECT MONTHLY SECONDARY BOND TURNOVER DATA FOR FY22-23
- ANZ’S OWN PRELIMINARY ANALYSIS HAS NOT IDENTIFIED ANY EVIDENCE OF MARKET MANIPULATION
- DATA ERRORS WERE CAUSED BY A RANGE OF ISSUES INCLUDING PROCESS AND DATA EXTRACTION ERRORS ON ANZ'S PART
- HAS ENGAGED SPECIALIST EXTERNAL COUNSEL TO INVESTIGATE ALLEGATIONS OF INAPPROPRIATE CONDUCT & BEHAVIOUR PRIMARILY WITHIN SYDNEY DEALING ROOM
- ANZ ACKNOWLEDGES THIS IS AN UNACCEPTABLE FAILURE
- WHILE THE EXTERNAL INVESTIGATION REMAINS ONGOING, THERE HAVE BEEN EMPLOYMENT OUTCOMES FOR SEVERAL EMPLOYEES
- MANAGEMENT CHANGES IN SYDNEY DEALING ROOM HAVE ALSO BEEN MADE
- INVESTIGATING WHETHER ANZ SHOULD HAVE REPORTED ISSUE TO ASIC EARLIER THAN IT DID AND WILL ENGAGE WITH ASIC FURTHER ON THIS MATTER
(([email protected];))
News: ANZ ANZ Group Updates On Investigations Into Australian Markets Business
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