Westpac has reinstated four of its traders since "no significant findings" have been found in an investigation into potential manipulation of the bank bill swap rate. This move comes as the bank pledges to vigorously defend itself against court proceedings taken by the Australian Securities and Investment Commission (ASIC) who are suing Westpac, along with ANZ, over accusations of market manipulation of the bank bill swap rate.
ANZ has reinstated four of its traders since "no significant findings" have been found in an investigation into potential manipulation of the bank bill swap rate. This move comes as the bank pledges to vigorously defend itself against court proceedings taken by the Australian Securities and Investment Commission (ASIC) who are suing ANZ, along with Westpac, over accusations of market manipulation of the bank bill swap rate.