ASIC hits Deutsche Bank with $2m penalty

Mike Taylor

Managing Editor and Publisher

13 July 2026

Deutsche Bank has been hit with a $2 million penalty for misreporting more than 260,000 over-the-counter derivative transactions.

The Australian Securities and Investments Commission (ASIC) announced the penalty claiming that the failings undermined the accuracy of data used to monitor Australia’s financial markets.

ASIC said it issued an infringement notice to Deutsche Bank after identifying breaches of the ASIC Derivative Transaction rules between 21 October 2024 and 15 August,2025.

The ASIC release said that, specifically, “ASIC has reasonable grounds to believe that Deutsche Bank failed to take all reasonable steps to accurately report the ‘direction’ fields data for 20,483 outstanding transactions and 244,091 terminated or matured transactions across 208 separate business days. These transactions related to foreign exchange and commodities OTC transactions”.

“The direction fields are important mandatory data elements under the ASIC Rules, indicating whether the reporting entity is acting as the effective buyer or seller of a transaction at a specified price.”

“ASIC considers the direction data reporting failures were systemic and reflected deficiencies in Deutsche Bank’s internal reporting framework,” the regulator said.

ASIC noted that Deutsche Bank had cooperated with ASIC’s investigation, paid the penalty and is implementing measures to prevent further reporting errors.