Sunday, 21 February 2016

Bank swap rate needs to be trusted: RBA http://ift.tt/1oVSdUR

RBA assistant governor for financial markets Guy Debelle wouldn't to be drawn on the Australian Securities and Investments Commission's three-year investigation into alleged interest rate rigging by the big banks. The corporate watchdog's investigation into the bank bill swap rate (BBSW) is nearing the finish line, and ANZ also won't comment on speculation that it could soon face legal action. "I will not talk about the investigations that ASIC is currently undertaking into conduct around BBSW," Dr Debelle said.



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