The Australian Securities & Investments Commission has imposed a AUD 2 million infringement notice penalty on Deutsche Bank Aktiengesellschaft for misreporting more than 260,000 over-the-counter derivative transactions, affecting the quality of data used to monitor Australia’s financial markets. ASIC said it had reasonable grounds to believe the bank breached the ASIC Derivative Transaction Rules (Reporting) 2024 by failing to take all reasonable steps to ensure reported information was complete, accurate and current. The failures related to the mandatory "direction" field, which shows whether the reporting entity is the effective buyer or seller at a specified price. ASIC identified inaccurate reporting for 20,483 outstanding transactions and 244,091 terminated or matured transactions in foreign exchange and commodities markets across 208 business days between 21 October 2024 and 15 August 2025. It described the reporting failures as systemic and linked them to deficiencies in Deutsche Bank’s internal reporting framework. The rules require reporting entities to submit derivative transaction and position data to trade repositories so regulators can monitor systemic risk and help detect potential market abuse. Deutsche Bank has cooperated with ASIC’s investigation, paid the penalty and is implementing measures to prevent further reporting errors. Compliance with the infringement notice does not amount to an admission of guilt or liability, and does not mean Deutsche Bank is taken to have contravened the rules.
Australian Securities & Investments Commission2026-07-13
Australian Securities & Investments Commission penalises Deutsche Bank AUD 2 million for misreporting more than 260000 OTC derivatives transactions
The Australian Securities & Investments Commission has penalised Deutsche Bank AUD 2 million after finding reasonable grounds to believe it misreported more than 260,000 OTC derivatives transactions under Australia’s reporting rules. ASIC said the errors involved mandatory direction fields across foreign exchange and commodities trades and reflected systemic weaknesses in the bank’s reporting framework. Deutsche Bank has paid the penalty, cooperated with the investigation and is taking remedial steps.