ASIC commissioner reappointed

ASIC commissioner Cathie Armour, who is heading up the regulator’s crackdown on alleged bank bill swap rate (BBSW) manipulation, has been reappointed for an additional five years.

Minister for Financial Services Kelly O'Dwyer has announced Cathie Armour's reappointment as a full-time member of ASIC.

Ms Armour is directly responsible for financial markets infrastructure and market integrity enforcement, and has overseen the regulator's investigation into BBSW manipulation.

ASIC has alleged employees of ANZ, NAB and Westpac manipulated the BBSW and is currently embroiled in court cases against all three banks.

Ms Armour has been a member of ASIC since 2013. Her position has been extended until 2 June 2022.