Bloomberg | Bad Trader Behavior, Short-Sale Breaches Stalk Australian Banks

Australia’s finance industry is beset by a raft of compliance lapses — from data reporting breaches to trader misbehavior. Heat on the nation’s largest banks harks back to a period when a yearlong inquiry into misconduct revealed rampant wrongdoing in 2019. Financial penalties for corporate misconduct tend to be lower in Australia compared to the US and some European countries.

Jay Ritter shares his insights for this story from Bloomberg.