- CBA has has restricted the use of Internet chat rooms by its staff
Australia entered the spotlight earlier this week when the country’s securities regulator censured BNP Paribas after the French lender admitted that some of its staff based elsewhere had sought to influence the country’s daily benchmark interbank lending rate. An internal audit by the bank found no evidence that its Australian employees were influenced, nor of collusion with any another bank
- ANZ said it was considering restricting the use of multibank chat rooms too, but had yet to make a final decision
- NAB said its traders no longer participated in such chat rooms, despite there being no official policy forbidding them from doing so
- Westpac and investment bank Macquarie declined to comment.
Australia’s Biggest Bank Limits Staff’s Access to Chat Rooms (The Wall Street Journal is often gated, so if you’re unable to access the article try a search of Google news using the headline)
