Macquarie and ANZ have agreed to pay a combined AUD 15m ( $11m ) after admitting to attempted cartel conduct with a Malaysian benchmark rate in daily . The Australian Competition and Consumer Commission will pay AUD 9m, while Macquarie will pay AUD 6m of the fine. ANZ admitted to 8 instances of cartel conduct, while Macquarie admitted to 10 . ANZ is also being sued by the Australian Securities and Investments Commission for allegedly manipulating the benchmark interest rate in Australia. The Australian Competition and Consumer Commission said the alleged conduct involved Singapore -based traders communicating over private chat rooms about 2011 submissions on the Malaysian ringgit fixing rate.
Macquarie and ANZ have agreed to pay a combined AUD 15m ( $11m ) after admitting to attempted cartel conduct with a Malaysian benchmark rate in daily . The Australian Competition and Consumer Commission will pay AUD 9m, while Macquarie will pay AUD 6m of the fine. ANZ admitted to 8 instances of cartel conduct, while Macquarie admitted to 10 . The Australian Competition and Consumer Commission said the alleged conduct involved Singapore -based traders communicating over private chat rooms about 2011 submissions on the Malaysian ringgit fixing rate.