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
$33.01 |
Change
-0.180(0.54%) |
Mkt cap ! $112.9B | |||
| Open | High | Low | Value | Volume |
| $33.07 | $33.16 | $32.89 | $140.8M | 4.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19882 | $32.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.04 | 774 | 2 |
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| WBC (ASX) Chart |