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Westpac Could Pay $87M in Corporate Actions Remediation

July 13, 2021 by Eugene Grygo

Westpac Could Pay $87M in Corporate Actions Remediation

Australia’s Westpac Banking Corp. has agreed to spend as much as $87 million in remediation for past corporate actions notification problems that may have caused clients to miss out on actionable information, confirm bank officials and the Australian Securities and Investments Commission (ASIC). Westpac officials initially reported to ASIC in July 2019 that there may… Read More >>

Filed Under: Securities Operations, Buy-Side, Corporate Actions, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Risk Management, Governance, FinTech Trends, Back-Office, Standards, Performance Measurement, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: Australian Securities and Investments Commission (ASIC), Australian Securities Exchange (ASX), compliance, corporate actions, regulation, regulatory reporting, Securities Operations, Westpac

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