Australian regulator investigates ANZ over Treasury bond issuance

Australian regulator investigates ANZ over Treasury bond issuance
Australian regulator investigates ANZ over Treasury bond issuance

ANZ Group Holdings said on Monday that Australia’s corporate regulator was investigating the lender for alleged breaches of laws in executing the Australian Office of Financial Management’s (AOFM) 10-year Treasury bond issue in 2023 .

ANZ was appointed by the AOFM, which manages the Australian government’s debt portfolio, to act as risk manager in connection with the issuance of the T-bills.

Earlier today, the Australian Financial Review reported, citing sources, that the Australian Securities and Investments Commission (ASIC) began its work after receiving a complaint from the AOFM, adding that the agency was concerned about the manner in which some of its debts had been sold.

“ANZ understands that ASIC is investigating alleged breaches of a number of provisions of the ASIC Act and the Corporations Act,” it said in a statement.

It added that it was complying with its regulatory obligations and cooperating fully with the regulator.

ASIC and the AOFM did not immediately respond to requests for comment.

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