The Reserve Bank had lost $8.36 billion on its about $55b large-scale asset purchase programme by the end of April.
The roughly $55 billion of bonds the Reserve Bank bought under the large-scale asset purchase programme were worth $8.36b less at April 30 than it paid for them.
Investor demand for managed funds is apparently limitless, sparking growing regulator interest in those parts of the market that are the least regulated.
George Fistonich is arguing against receivers retaining funds to defend against his claims.
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