The second half of the year will “be a period of heavy activity with regard to matters coming before the court, [legal] briefs being issued, and matters getting into the public domain,” ASIC chair James Shipton told The Australian in an interview published over the weekend. Taking a feisty tone, Shipton likened the catch-up on non-financial risks to an Australian version of the global financial crisis. He said by the end of 2020, ASIC will have dealt with the 13 referrals from the banking royal commission, as well as issues arising from its 32 case studies.
Bendigo and Adelaide Bank may launch an equity capital raising as soon as today, the AFR reports in its Street Talk column. Equity capital markets bankers were sounding the market last week, the AFR said, putting the probable value at A$250 million. The bank reports its half-year profit this morning.
