Business and Corporations Law Summary 3 Article Analysis 3 References 4 Summary As per the report of ABC (2018), the corporate watchdog has initiated legal proceedings against the Commonwealth Bank of Australia (CBA) for getting involved in rigging a major market interest rate. According to the report of news.com.au (2018), CBA agreed to disburse $25 million to settle down the legal action brought against it over BBSW by the ASIC (Chalmers & Chau, 2018).