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Showing 1 - 10 of 27 results for "Bank bills"

Industry fund ups admin fees

KARREN VERGARA  |  MONDAY, 24 MAY 2021
... The cash option currently invests in a mix of short-term money-market securities that include call and term deposits, bank bills, negotiable certificates of deposit, and short-dated floating rate securities.

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... that between 6 April 2010 and 6 December 2010 Westpac traded with the purpose of influencing yields of traded prime bank bills and the setting of the Bank Bill Swap Rate in a way that was favourable to its rate set exposure. Hughes said "the framework ...

CBA should have done more: Federal Court

HARRISON WORLEY  |  WEDNESDAY, 11 JUL 2018
... systems, controls, training, guidance and framework for the monitoring and supervision of employees and trading in prime bank bills, with further changes set to be made. According to ASIC, CBA admitted failure in doing all things necessary to ensure ...

Westpac off the hook in BBSW scandal

KANIKA SOOD  |  FRIDAY, 25 MAY 2018
... have engaged in unconscionable conduct, it traded with the dominant purpose of influencing the yields of traded Prime Bank Bills and the BBSW was set in a way that was favourable to its rate set exposure. A future hearing will decide the penalty and ...

BBSW methodology restores trust

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
... activities," she said. ASIC and the RBA expect all bank bill market participants - including the banks that issue the bank bills, as well as the participants that buy them - to adhere to the ASX BBSW Guidelines and support the new BBSW methodology. The ...

CBA affirms BBSW position

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
... said. The watchdog is seeking from the Federal Court pecuniary penalties and a compliance program for CBA to implement. Bank bills are short-term money market instruments used by banks to borrow or lend, which help determine the key reference rate in ...

CBA embroiled in rate-rigging allegations

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
... products with the intention to influence the BBSW on three specific occasions between 31 January 2012 and October 2012. Bank bills are short-term money market instruments used by banks to borrow or lend, which help determine the key reference rate in ...

ASIC recoups $40m from NAB and ANZ

ALEX BURKE  |  TUESDAY, 21 NOV 2017
... issues in 2016. The regulator alleged that NAB, along with Westpac and ANZ, "intended to create an artificial price for bank bills" due to having "a large number of products which were priced or valued off BBSW." NAB chief risk officer David Gall said ...

JB Financial enters buyout mode

ALEX BURKE  |  FRIDAY, 23 JUN 2017
... increase the scale of our market operations. We believe it will put JB Financial in a market-leading position in bonds and bank bills, and will open up multiple opportunities to expand our important foreign exchange trading division as well." Finally ...

New cash ETF for UBS

KARREN VERGARA  |  FRIDAY, 2 JUN 2017
... AQUA-listed cash ETF will pay a monthly distribution and invest in short to medium-term discount securities ranging from bank bills to certificate of deposits, with a 60% skew to the big four banks, Anderson said. Head of UBS Asset Management for Australia ...
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