ASIC Cashed Up for Court Action Amid BBSW Manipulation Probe

  • Regulator has A$80 million war chest for legal proceedings
  • ASIC says still undecided on whether court action needed

The Australian regulator probing possible manipulation of the nation’s interest-rate benchmark said it has an A$80 million ($57 million) war chest for potential legal action and is prepared to use it.

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