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Showing 21 - 30 of 46 results for "BBSW"

US funds launch lawsuit against big four banks

ALEX BURKE  |  FRIDAY, 19 AUG 2016
... Westpac, as well as Macquarie and other investment banks for their alleged rigging of the bank bill swap reference rate (BBSW). The Sonterra Capital Master Fund, Frontpoint Financial Services and derivatives trader Richard Dennis filed the claim. Several ...

NAB responds to ASIC market manipulation allegations

ALEX BURKE  |  WEDNESDAY, 8 JUN 2016
... "unconscionable conduct and market manipulation." ASIC's concerns relate to the setting of the bank bill swap reference rate (BBSW) from 2010 to 2012; the regulator previously targeted ANZ and Westpac in this investigation in March and April respectively. ...

ASIC commences proceedings against Westpac

ALEX BURKE  |  WEDNESDAY, 6 APR 2016
... The regulator said this behaviour was due to the bank having "a large number of products which were priced or valued off BBSW and that it traded in the bank bill market with the intention of moving the BBSW higher or lower." In court, ASIC said, it is ...

ANZ ready to fight ASIC over BBSW

MARK SMITH  |  MONDAY, 7 MAR 2016
... issuance and interest rate risk management operates and the limited case law which applies to this area. "Our practices in the BBSW market were consistent with Australian market practices in wholesale financial markets and we reject ASIC's characterisation ...

RBS enters enforceable undertaking

STAFF WRITER  |  TUESDAY, 22 JUL 2014
... has entered an enforceable undertaking in relation to "potential misconduct" involving the Australian Bank Bill Swap Rate (BBSW), the Australian Securities and Investments Commission (ASIC) has announced. RBS will also voluntarily donate $1.6 million ...

BNP Paribas enters EU with ASIC

LAURA MILLAN  |  WEDNESDAY, 29 JAN 2014
... Securities and Investments Commission (ASIC) in relation to potential misconduct involving the Australian Bank Bill Swap Rate (BBSW). In November 2012, BNP reported to ASIC that it had found conduct indicative of seeking to influence its BBSW submissions ...

UBS redefines fixed income

MICHAEL HOBBS  |  THURSDAY, 28 FEB 2008
... funds. The UBS Fixed Income Plus includes fully automated investment decisions and targets a return of two per cent above BBSW (Bank Bill Swap Rate or de facto cash rate). The product is invested in cash and indexed against a group of four diversified ...

NAB prices three-currency RMBS issue

AAP  |  WEDNESDAY, 22 SEP 2004
... million and with a weighted average life of 2.4 years, were priced at 0.19% over the three month bank bill swap reference rate (BBSW) and were also rated AAA/Aaa. The Class A3 notes, worth 308.4 million euro and with a weighted average life of 2.4 years ...

Suncorp prices $700 million Apollo series 2004-2 RMBS issue

AAP  |  TUESDAY, 7 SEP 2004
... bonds with an expected average life of 2.41 years, priced at 26 basis points (bps) over the one month bank bill swap rate (BBSW), and $26.3 million in AA-rated class B bonds with an expected average life of 4.48 years priced at 52 bps over the BBSW. ...

Bendigo Bank prices $300 mln 3-yr transferable deposit issue

AAP  |  MONDAY, 6 SEP 2004
... and international investors, the bank said. The floating rate transaction has a coupon of thee-month bank bill swap rate (BBSW) plus 38 basis points per annum. Settlement will be on 10 September with the first quarterly interest payment to be made on ...