More news - page 2 of 2051

NAB made P&L the priority in rates trading

NAB's rate traders "were judged by [their] P&L outcomes", while the bank was "incentivised to manipulate BBSW" and "maintain yields", two operatives of the bank's treasury told the Federal Court yesterday during the case centred on ASIC's allegations of unconscionable conduct against Westpac. One of these traders also told the court there was "no formal instruction on BBSW". read more

I-O clamp works for RBA

Financial regulators are inching toward accolades for the effectiveness of the second round of macroprudential policy imposed on the Australian banking sector earlier this year. read more