Bloomberg Commonwealth Bank of Australia has blamed a software coding error for more than 50,000 alleged breaches of money-laundering and terrorist-financing laws. The error went undetected for almost three years, the Sydney-based bank said in its first detailed response after being sued August 3 by the country’s financial crime agency. Austrac alleged the bank failed to report on time or ...

Bloomberg Indonesia’s central bank has signaled a return to the easing bias that dominated its rates agenda last year. Bank Indonesia was Asia’s biggest rate cutter in 2016, easing policy six times until it hit the pause button late in the year. Now, with price pressures fading again, the bank’s governor Agus Martowardojo has said policymakers aren’t closing the door ...

Bloomberg It took six meetings for cracks to become visible within India’s powerful interest rate-setting panel. Following a series of consensus voting and bland statements, there was open dissent on the monetary policy committee in June, which only worsened last week when a member of the Reserve Bank of India’s economic research wing broke ranks for the first time with ...