{"id":53970,"date":"2026-07-13T21:53:23","date_gmt":"2026-07-13T21:53:23","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/53970\/"},"modified":"2026-07-13T21:53:23","modified_gmt":"2026-07-13T21:53:23","slug":"deutsche-bank-fined-2m-by-australian-regulator-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/53970\/","title":{"rendered":"Deutsche Bank fined $2M by Australian regulator"},"content":{"rendered":"\n

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter<\/a>. <\/p>\n

Deutsche Bank had to pay $2 million for incorrectly reporting more than 260,000 over-the-counter derivative transactions, an Australian financial regulator said Monday<\/a>. <\/p>\n

The Australian Securities \u2060and Investments Commission issued \u200bthe infringement notice against Deutsche Bank for foreign exchange and commodities transactions between Oct. 21, 2024, and \u200cAug. \u206015, 2025. <\/p>\n

The German bank had failed to accurately report the “direction” field data for 20,483 outstanding transactions and 244,091 terminated or matured transactions across 208 business days, ASIC said. <\/p>\n

“ASIC considers the direction data reporting failures were systemic and reflected deficiencies in Deutsche Bank’s internal reporting framework,” the regulator wrote. “The ASIC Rules require reporting entities to report derivative transaction and position information to derivative trade repositories.” <\/p>\n

“Accurate reporting is necessary to enhance the capacity of regulators to oversee and monitor systemic risk and help detect and prevent potential market abuse,” ASIC wrote. <\/p>\n

The German bank cooperated with ASIC’s investigation and is working to prevent future errors, the regulator said.\u00a0The bank now has a remediation program in place to address the issues ASIC identified and to enhance its derivative transaction reporting governance and controls framework, a source familiar with the matter told Banking Dive. <\/p>\n

A spokesperson for Deutsche Bank declined to comment. <\/p>\n

This is Deutsche Bank’s second monetary penalty<\/a> of the year. The U.K.’s Office of Financial Sanctions Implementation fined a London branch of the bank \u00a3165,000 ($221,000) for processing payments for a Russian company in violation of sanctions. <\/p>\n","protected":false},"excerpt":{"rendered":"This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free…\n","protected":false},"author":2,"featured_media":53971,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21213],"tags":[42920,21214,43247,43248],"class_list":["post-53970","post","type-post","status-publish","format-standard","has-post-thumbnail","category-deutsche-bank","tag-asic","tag-deutsche-bank","tag-financial-regulator","tag-the-australian-securities-and-investments-commission"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/53970","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=53970"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/53970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/53971"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=53970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=53970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=53970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}