July 25 (Reuters) - Australia and New Zealand Banking Group Ltd...

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

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