Deutsche Bank has paid a penalty of two million Australian dollars ($1.3 million) for misreporting more than 260,000 over-the-counter (OTC) derivative transactions.

The Australian Securities and Investments Commission (ASIC) said it had issued Deutsche Bank with an infringement notice for misreporting transactions.

“Specifically, ASIC has reasonable grounds to believe that Deutsche Bank failed to take all reasonable steps to accurately report the ‘direction’ fields data for 20,483 outstanding transactions and 244,091 terminated or matured transactions across 208 separate business days,” the regulator said.

ASIC added that it had concluded Deutsche Bank’s failure to report its direction data on transactions related to foreign exchange and commodities OTC were “systemic,”, and that activity such as this impacts its ability to accurately monitor the market.

Its investigation specifically pertained to transactions made between 21 October 2024 and 15 August 2025.

Paying a penalty is not an admission of guilt or liability and ASIC stressed that Deutsche Bank has not formally breached ASIC rules. The regulator added that Deutsche Bank cooperated fully with its investigation and, after paying the penalty, has committed to changing its methods to prevent a repeat of the error.

In recent years, ASIC has issued infringement notices against several firms for alleged derivative transaction reporting failures.

In March 2020, the superannuation firm AMP Life Limited and former investment manager AMP Capital Investors Limited paid a penalty of $275,500 and $250,500 respectively.

Westpac Banking Corporation also paid a $127,250 fine for allegedly failing to report 112,556 transactions in June 2017.

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