Splitting ASIC? Australian Senate wants to see two regulators
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 to be