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Splitting ASIC? Australian Senate wants to see two regulators

Montage of a scissor cutting up the ASIC logo.
GRIP Montage: ASIC/Getty Images/Adobe Stock Images

Martina Lindberg

3 min read
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Economics Committee says ASIC’s lack of early regulatory intervention has harmed consumers and investors, and calls for a companies regulator and separate financial conduct authority.

“Exercising ASIC’s responsibilities needs to be done better and it needs to be done differently,” the Senate Economics Committee has said in a new report about the Australian Securities & Investments Commission (ASIC).

In the report, the committee criticises ASIC for having too broad a remit for it

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