Deutsche Bank has paid an A$2 million penalty under an infringement notice from the Australian Securities and Investments Commission (ASIC) for misreporting more than 260,000 over-the-counter (OTC) derivative transactions.

The regulator said the errors weakened the accuracy of data used to monitor Australia’s financial markets and assess systemic risk.

ASIC issued the infringement notice after identifying breaches of the ASIC Derivative Transaction Rules (Reporting) 2024. The breaches occurred between 21 October 2024 and 15 August 2025.

Deutsche Bank inaccurately reported the ‘direction’ fields for 20,483 outstanding transactions and 244,091 terminated or matured transactions. The errors occurred across 208 business days.

The affected trades covered foreign exchange and commodities OTC derivatives.

Under the ASIC Rules, reporting entities must provide direction field data to show whether they act as the effective buyer or seller of a transaction at a specified price.

ASIC determined that Deutsche Bank’s reporting failures were systemic and highlighted weaknesses in its internal reporting framework.

Regulators rely on accurate derivative trade reporting to monitor market activity, assess systemic risk and identify potential market abuse.

Deutsche Bank cooperated with the investigation, paid the penalty and is implementing measures to prevent further reporting errors.

Paying the infringement notice does not constitute an admission of liability, and Deutsche Bank is not taken to have breached the ASIC Rules.

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