According to Reuters, “It is the first time Australian banks have been drawn into price-fixing probes in currencies. The investigations are already underway in Europe and the United States.” Some consider ASIC to be a bit too soft on market participants. However, Australia is looking to toughen up that reputation. ASIC commissioner Cathie Armour commented on the results of the 7th ASIC report on the Supervision of Australian Financial Markets. She stated that highlighted in the report were testaments to the significant energy ASIC dedicated to the supervision and surveillance of Australia’s financial markets. “These results are crucial to the further strengthening of investor confidence in the integrity of our markets,” she said.
Posted on: Tue, 25 Mar 2014 09:23:30 +0000
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