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Showing 1 - 5 of 5 results for "Prime Bank"

State Street tech to back crypto trading platform

JAMIE WILLIAMSON  |  FRIDAY, 9 APR 2021
... mechanism," Puremarkets said. "The buy side will be able to participate in the Pure Digital platform through their existing prime bank/custodial relationships and infrastructure. The platform will adopt FX-industry standard APIs and best execution to ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... indicated 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 ...

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
... to 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
... traded prices," the statement said. Previously the BBSW was calculated from the best executable bids and offers for Prime Bank securities. A major concern in recent years has been the low trading volumes during the rate-set window, the period over which ...
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