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Topic: australian securities and investments commission
Government discovers it can implement a Hayne recommendation after all

Government discovers it can implement a Hayne recommendation after all

The government is rushing one banking royal commission recommendation through parliament. But is it intended to harm industry super funds?

Hayne can’t turn an ASIC watchpoodle into an attack dog

Hayne can’t turn an ASIC watchpoodle into an attack dog

Kenneth Hayne's retention of the current consumer protections for financial services will guarantee a repeat of ASIC's failings for a long time to come.

Banking regulation has failed. Here’s how to fix it.

Banking regulation has failed. Here’s how to fix it.

A new kind of regulatory approach is needed for financial services, but whether the royal commission can recommend one isn't clear.

ASIC’s army of agents won’t do a thing. Let the ACCC at the banks.

ASIC’s army of agents won’t do a thing. Let the ACCC at the banks.

ASIC's plan to send agents into banks to detect wrongdoing misses the point that ASIC rarely prosecutes anyone.

The need for a strong financial system justifies ASIC’s ‘softly softly’ approach

The need for a strong financial system justifies ASIC’s ‘softly softly’ approach

If you're wondering why ASIC doesn't crack down on corporate crooks harder, it's because it has to focus on the "strength" and "efficiency" of the financial system as much as fairness for customers.

We should abolish ASIC

We should abolish ASIC

ASIC can't be fixed -- it is the wrong regulator for a crucial job. Time for the ACCC to take over consumer finance regulation, Bernard Keane and Glenn Dyer write.

New AMP chair’s views on regulation living proof of Godwin’s Law

New AMP chair’s views on regulation living proof of Godwin’s Law

David Murray thought regulating bank culture was Nazism, there was no need for a royal commission and the banks are regulated too heavily. As incoming chair of AMP, maybe his views have now changed, Glenn Dyer and Bernard Keane wonder.

Liberals owe more than an apology on royal commission. A lot more.

Liberals owe more than an apology on royal commission. A lot more.

At every stage over the last decade, the Liberals have tried to protect big banks and financial planners at the expense of ordinary Australians. And they knew the harm it was causing to people.

Imagine if ASIC actually did its job

Imagine if ASIC actually did its job

If we want decent corporate regulation, we need to look to the United States, where companies fear regulators who do their jobs properly.

AMP treated the corporate regulator with contempt — understandably

AMP treated the corporate regulator with contempt — understandably

The banking royal commission has shown how utterly contemptuous of the ASIC Australia's biggest firms can be.