Asic has accused the Australian bank of nine market conduct matters of concern, including seven related to misreporting of OTC derivatives trades.
Australian Securities and Investments Commission (Asic) has imposed additional conditions on Macquarie Bank's Australian financial services licence after finding compliance failures in futures dealing business and over-the-counter (OTC) derivatives trade reporting. Our intervention underscores our concern with the recurrent nature of Macquarie’s failures - Simone Constant, Asic In a release on Wednesday 7 May, the financial regulator said it had found nine market conduct matters of con