SYDNEY (Reuters) -ANZ, Australia’s third-largest residence lending establishment, has truly situated no proof that thought misbehavior by the monetary establishment’s staff over a 2023 bond issuance had truly set you again the Australian taxpayer, its chief government officer knowledgeable a legislative questions on Friday.
The agency is being explored by the Australian firm regulatory authority after media data this yr acknowledged the monetary establishment’s bond buying and selling division was considered overemphasizing its perform in a 2023 federal authorities bond issuance.
Already the prudential regulatory authority has truly knowledgeable the monetary establishment to lift the amount of cash it shares by 50% because of issues concerning its risk monitoring.
“There has been speculation that potential misconduct by ANZ in connection with this issuance may have cost taxpayers,” CHIEF EXECUTIVE OFFICER Shayne Elliott knowledgeable a legislative listening to.
“From what I have seen, there is no evidence of this.”
(Reporting by Byron Kaye in Sydney; Editing by Alasdair Pal and Christian Schmollinger)
