AMP Admits Lying to ASIC., page-12

There is likely to be raft of other departures as well, including other board members,d the General Counsel and various members of the executive management team. Luckily though, they are not headquartered in New York State. If they were, the likely penalty imposed (economic, punitive and otherwise) in return for them keeping their financial services licence would be massive.

As for Clayton Utz, they probably should not expect to be sitting (or allowed to sit) on too many government panels and /or as preferred legal service providers in the coming few years. By the time Haynes is finished with them, not to mention Hodge's clinical dissection (with more yet to come), Clkayton Utz might want to be returning to doing pedestrian conveyancing work. But that's before the Big 4 and others all get put into Hodge's sights.

Now that it's started, it is hard to see Turnbull reining in the Royal Commission without probably burning all of his own political capital (or what's left of it). The banks, the financial services sector, AMP and others are therefore all likely to burn just like that cryptic message from Skyfall: "think on your sins". Lots of new or replacement jobs are therefore likely to come up soon, including a likely significant funding boost for ASIC (and its investigative powers).