meta_id 3319258

On August 15, 2025, the Australian Securities and Investments Commission (ASIC) issued an infringement notice requiring Deutsche Bank Aktiengesellschaft to pay a $2 million penalty for systemic failures in reporting over-the-counter (OTC) derivative transactions. Between October 21, 2024 and August 15, 2025, Deutsche Bank misreported more than 260,000 OTC derivative transactions, comprising 20,483 outstanding transactions and 244,091 terminated or matured transactions across 208 separate business days. The breaches involved foreign exchange and commodities OTC transactions and related to inaccurate reporting of mandatory 'direction' fields data under the ASIC Derivative Transaction Rules (Reporting) 2024 (ASIC Rules). Direction fields indicate whether a reporting entity acts as the effective buyer or seller of a transaction at a specified price. ASIC determined that Deutsche Bank's reporting failures were systemic and reflected deficiencies in the bank's internal reporting framework. The regulator found that Deutsche Bank failed to take all reasonable steps to ensure reported information remained complete, accurate and current, as required under rule 2.2.6 of the ASIC Rules. Accurate derivative transaction reporting is critical for regulators to monitor systemic risk, detect market abuse and enhance financial market oversight. Deutsche Bank cooperated with ASIC's investigation and is implementing measures to prevent further reporting errors. Compliance with the infringement notice does not constitute an admission of guilt or liability. ASIC has previously issued similar infringement notices for derivative reporting failures, including penalties against AMP Life Limited ($275,500) and AMP Capital Investors Limited ($250,500) in March 2020, and Westpac Banking Corporation ($127,250) in June 2017. The infringement notice is available on ASIC's Infringement Notices Register.