Explanatory notes from Super Guide on Financial System Inquiry:
Trish Power - January 31, 2014
Need for regulator advisory panel to assist:
Although I appreciate that you don’t want the regulators reviewing the system that they regulate especially if the FSI decides to abolish or merge regulators, I do believe it will be necessary for the panel to refer certain issues to the various regulators for clarification or to explore the implications of possible changes to the system. Some of the regulators and statutory bodies that could be on this advisory panel include ASIC, ACCC, APRA, productivity commission, and ATO.
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O'K, it's disturbing only if you see what's above the way I do:
ASIC, while in the dock of its own Inquiry, is summoned in Advisor role to Financial System Inquiry.
Is this how it comes across?
And should we note the words "...if the FSI decides to abolish or merge regulators" with inflated premonition?
Regards,
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