{"id":53393,"date":"2026-07-13T01:11:17","date_gmt":"2026-07-13T01:11:17","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/53393\/"},"modified":"2026-07-13T01:11:17","modified_gmt":"2026-07-13T01:11:17","slug":"asic-hits-deutsche-bank-with-2m-penalty","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/53393\/","title":{"rendered":"ASIC hits Deutsche Bank with $2m penalty"},"content":{"rendered":"<p id=\"breadcrumbs\" class=\"yoast\"><a href=\"https:\/\/financialnewswire.com.au\/\" rel=\"nofollow noopener\" target=\"_blank\">Home<\/a> &gt; <a href=\"https:\/\/financialnewswire.com.au\/.\/investment\/\" rel=\"nofollow noopener\" target=\"_blank\">Investment<\/a> &gt; ASIC hits Deutsche Bank with $2m penalty<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" width=\"80\" height=\"80\"  alt=\"Mike Taylor\" class=\"avatar avatar-80 wp-user-avatar wp-user-avatar-80 alignnone photo nectar-lazy toploaded loaded nectar-lazy toploaded loaded\" data-nectar-img-src=\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/07\/Mike_Taylor_bw-100x100.png\" src=\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/07\/Mike_Taylor_bw-100x100.png\"\/>      <\/p>\n<p>        Mike Taylor<\/p>\n<p>Managing Editor and Publisher<\/p>\n<p>        13 July 2026<\/p>\n<p><img width=\"1200\" height=\"620\" class=\"attachment-full size-full wp-post-image nectar-lazy toploaded loaded nectar-lazy toploaded loaded\" alt=\"Financial penalty\" title=\"\" decoding=\"async\" fetchpriority=\"high\" data-nectar-img-src=\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/07\/Shutterstock_1114898225.jpg\" src=\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/07\/Shutterstock_1114898225.jpg\"\/><\/p>\n<p>Deutsche Bank has been hit with a $2 million penalty for misreporting more than 260,000 over-the-counter derivative transactions.<\/p>\n<p>The Australian Securities and Investments Commission (ASIC) announced the penalty claiming that the failings undermined the accuracy of data used to monitor Australia\u2019s financial markets.<\/p>\n<p>ASIC said it issued an infringement notice to Deutsche Bank after identifying breaches of the ASIC Derivative Transaction rules between 21 October 2024 and 15 August,2025.<\/p>\n<p>The ASIC release said that, specifically, \u201cASIC has reasonable grounds to believe that Deutsche Bank failed to take all reasonable steps to accurately report the \u2018direction\u2019 fields data for 20,483 outstanding transactions and 244,091 terminated or matured transactions across 208 separate business days. These transactions related to foreign exchange and commodities OTC transactions\u201d.<\/p>\n<p>\u201cThe direction fields are important mandatory data elements under the ASIC Rules, indicating whether the reporting entity is acting as the effective buyer or seller of a transaction at a specified price.\u201d<\/p>\n<p>\u201cASIC considers the direction data reporting failures were systemic and reflected deficiencies in Deutsche Bank\u2019s internal reporting framework,\u201d the regulator said.<\/p>\n<p>ASIC noted that Deutsche Bank had cooperated with ASIC\u2019s investigation, paid the penalty and is implementing measures to prevent further reporting errors.<\/p>\n","protected":false},"excerpt":{"rendered":"Home &gt; Investment &gt; ASIC hits Deutsche Bank with $2m penalty Mike Taylor Managing Editor and Publisher 13&hellip;\n","protected":false},"author":2,"featured_media":53394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21213],"tags":[42920,21214,33556],"class_list":["post-53393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-deutsche-bank","tag-asic","tag-deutsche-bank","tag-otc"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/53393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=53393"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/53393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/53394"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=53393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=53393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=53393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}