SYDNEY, July 21 Australia's markets regulator on
Monday said it had censured the Royal Bank of Scotland Group
after an investigation found that RBS traders had sought
to influence the setting of the country's benchmark inter-bank
The bank will make a A$1.6 million ($1.5 million) donation
toward promoting financial literacy after the internal RBS
investigation found evidence that traders had tried to fix the
Australian Bank Bill Swap Rate submission process, the
Australian Securities and Investment Commission (ASIC) said.
Earlier this year, ASIC censured French lender BNP Paribas
after revealing its traders had tried to influence the
setting of inter-bank interest rates.
($1 = 1.0651 Australian Dollars)
(Reporting by Swati Pandey; Editing by Stephen Coates)