Australian regulator accepts FX remedial plan from Macquarie

Macquarie is the fifth Australian bank to present remedial programmes to Asic for failures in its FX business

Map of Australia and New Zealand
Home help: Australian banks have contributed A$11m to fund financial literacy projects in Australia

The Australian Securities and Investments Commission (Asic) has accepted a plan from Macquarie Bank to rectify concerns about its activities in the wholesale FX business – the fifth Australian bank to present such a plan to the regulator.

The plan sees the bank contributing A$2 million ($1.49 million) to The Smith Family, an Australian charity that supports programmes aimed at improving young people’s understanding of money management. Taken together, Australian banks have forked out A$11

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: