SUBSCRIBERS
Macquarie, ANZ to pay A$15m in rate rigging settlement
ANZ admits to 10 instances of alleged cartel conduct and Macquarie to eight in relation to 2011 ringgit fixing case
Add BT as a preferred sourcePublished Fri, Nov 25, 2016 · 09:50 PM
Sydney
MACQUARIE Bank Ltd and Australia & New Zealand Banking Group Ltd (ANZ) agreed to pay a combined A$15 million (S$16 million) in penalties after admitting to attempted cartel conduct relating to the setting of a benchmark Malaysian rate in 2011.
The Australian Competition and Consumer Commission (ACCC) said in a statement on Friday that Melbourne-based ANZ had admitted to 10 instances of alleged cartel conduct and Sydney-based Macquarie to eight. They offered to pay A$9 million and A$6 million in penalties respectively, the ACCC said.
Share with us your feedback on BT's products and services
