Court decision on ANZ and ASIC settlement regarding Australian Markets and Retail matters

The Federal Court of Australia has issued orders finalizing the settlement between ANZ Bank and the Australian Securities and Investments Commission (ASIC) concerning five matters within ANZ’s Australian Markets and Australia Retail businesses. ANZ initially agreed to civil penalties of $240 million, as announced on September 15, 2025, and to cover ASIC’s costs. The court subsequently increased the penalty for inaccurate bond turnover data submission to the Australian Office of Financial Management from $40 million to $50 million, bringing the total penalties to $250 million.

ANZ stated that the financial impact of these penalties and ASIC’s costs is largely covered by existing provisions, including a $240 million penalty provision. The bank is actively working to enhance its management of non-financial risks through a Root Cause Remediation Plan and an ASIC Matters Resolution Program, specifically within its Australia Retail division.

Both remediation programs will be independently reviewed by Promontory to ensure progress and effective delivery of improvements. This decision marks the conclusion of the regulatory investigations and signals ANZ’s commitment to addressing identified shortcomings and strengthening its risk management practices.

(Source：The National Tribune)