Original article by Ronald Mizen, Jonathan Shapiro
The Australian Financial Review – Page: 1 & 6 : 24-Jul-24

Australian Securities & Investments Commission chairman Joe Longo has responded to claims by ANZ CEO Shayne Elliott regarding the bank’s government bond scandal. Elliott said ANZ does not believe that there was any wrongdoing on its part, and ASIC has simply asked it to "please explain" some "unusual activity" in the bond market in April 2023. However, Longo says it is on the public record that ASIC is investigating the bond trades, adding that this means by definition that the corporate regulator suspects a breach of the law. Longo has also advised that ASIC has established a dedicated insider trading team.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION