WBC westpac banking corporation

News: WBC Australian regulator says on-site at major financial firms since Oct

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    Sept 11 (Reuters) - Australia's investment regulator said on Wednesday its staff have been on-site at the offices of Australia's major banks and wealth manager AMP Ltd (AMP) since October last year to monitor firms after a probe into the sector.

    The Australian Securities and Investments Commission (ASIC) said its staff have been conducting on-site reviews for 164 out of 222 working days since October 2018.

    The country granted ASIC powers to place supervisors inside firms last year after a broad inquiry into the sector exposed systemic wrongdoing by some of the Australia's top financial institutions.

 
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Last
$38.17
Change
0.270(0.71%)
Mkt cap ! $130.5B
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