Deutsche Bank pays $1.3m penalty for Australian trade reporting failures
Deutsche Bank has cooperated with the investigation and is implementing measures to prevent further reporting errors, the watchdog said
Deutsche Bank has paid an A$2 million ($1.3 million) penalty for misreporting more than 260,000 over-the-counter (OTC) derivative transactions, Australia's securities regulator said on Monday.
The Australian Securities and Investments Commission (ASIC) issued the infringement notice after finding that the German bank failed to accurately report the 'direction' field data across foreign exchange and commodities transactions between 21 October 2024 and 15 August 2025.
ASIC considers the direction data reporting failures were systemic and reflected deficiencies in Deutsche Bank's internal reporting framework.
Keep updated, follow The Business Standard's Google news channel
Deutsche Bank has cooperated with the investigation and is implementing measures to prevent further reporting errors, the watchdog said.
Deutsche Bank declined a Reuters request for comment.
