Feb 1 (Reuters) - Australia's corporate regulator on Thursday set out supervisory directions for market intermediaries on pre-hedging practices, just a day after a court found the country's third-largest bank Westpac (WBC) guilty of unethical practices.
Earlier this week, Westpac was slammed with a maximum penalty of A$1.8 million ($1.18 million) after a court found the bank allegedly engaged in pre-hedging while carrying out an A$12 billion interest rate swap transaction in 2016, the largest of its kind in the country.
($1 = 1.5214 Australian dollars)
Feb 1 (Reuters) - Australia's corporate regulator on Thursday...
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Last
$38.87 |
Change
0.140(0.36%) |
Mkt cap ! $133.0B | |||
| Open | High | Low | Value | Volume |
| $38.71 | $38.98 | $38.64 | $156.0M | 4.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 989 | $38.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.87 | 374 | 7 |
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| WBC (ASX) Chart |