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BRIEF-Australia and New Zealand Banking agrees to enforceable undertaking with ASIC
March 15, 2017 / 1:39 AM / in 4 months

BRIEF-Australia and New Zealand Banking agrees to enforceable undertaking with ASIC

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March 15 (Reuters) - Australia And New Zealand Banking Group Ltd

* ANZ agrees to enforceable undertaking with ASIC

* Confirmed it entered into an enforceable undertaking with Australian Securities and Investments Commission

* Enforceable undertaking following review of spot foreign exchange trading between January 2008 and June 2013

* ANZ will make a $3 million contribution to Financial Literacy Australia

* "Accept that during this period aspects of our supervision and monitoring of spot FX business were not good enough"

* Independent expert will be appointed to assess relevant systems and controls within ANZ's markets business Source text for Eikon: Further company coverage:

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