ANZ Bank confirmed the corporate regulator is investigating its execution of a long-term Australian government bond issued last year.
The big four bank said it had been appointed by the Australian Office of Financial Management to act as a risk manager in relation to the issuance of 10-year Treasury bonds in 2023, and confirmed that the trade is now subject to a formal investigation, following a report in The Australian Financial Review.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
