Deutsche Bank pays $1.3 million penalty for Australian trade reporting failures

July 13 (Reuters) - Deutsche Bank has paid an A$2 million ($1.3 million) penalty for misreporting more than 260,000 over-the-counter (OTC) derivative transactions, Australia's securities regulator said on Monday.

The Australian Securities and Investments Commission (ASIC) issued the infringement notice after finding that the German bank failed to accurately report the 'direction' field data across foreign exchange and commodities transactions between October 21, 2024 and August, 15, 2025.

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

Deutsche Bank has cooperated with the investigation and is implementing measures to prevent further reporting errors, the watchdog said.

Deutsche Bank declined a Reuters request for comment.

(Reporting by Sneha Kumar in Bengaluru; Editing by Ronojoy Mazumdar and Rashmi Aich)