A lawsuit claiming that Westpac and ANZ manipulated bank bill swap rates has been delayed as regulator ASIC is forced to amend its claims. The Australian Securities & Investments Commission (ASIC) said it had amended the case against Westpac, which was filed in July last year, after a review of evidence from an investigation by the Financial Conduct Authority
A lawsuit claiming that Westpac and ANZ manipulated bank bill swap rates has been delayed as regulator ASIC is forced to amend its claims. Westpac and ANZ will produce their defences to the allegations within a few weeks of viewing the new claims, which are set to be filed later this week.