ASIC's insider trading allegations at Westpac shine a light on debt markets
Allegations shine a light on debt markets The insider trading scandal facing Westpac couldnât come at a worse time. But it looms as a complex test of how the complex, hidden world of debt markets and derivatives operates. Updated Save Share When Westpac chief executive Peter King announced his grand cost-cutting plan on Monday, he made it clear that a key motivation was to end the bankâs run of ugly surprises from the past. The royal commission remediation, the AUSTRAC scandal that led to the departures of CEO Brian Hartzer and chairman Lindsay Maxsted, the ongoing risk culture...