The Australian Securities and Investments commission ( ASIC ) has explosive evidence it may use in a lawsuit against Westpac over how employees manipulated the annual bill swap rate , according to reports . It includes excerpts of recorded telephone calls revealing how traders at the bank opening table manipulated the rate set .
The Australian Securities and Investments Commission (ASIC) has explosive evidence it may use in a lawsuit against Westpac over allegations employees manipulated the bank bill swap rate, according to reports. It includes excerpts of recorded phone calls revealing how traders at the bank opening discussed manipulated the rate set.