BFCSA calls are heard, but not by outgoing ASIC Chairman, G. Medcraft
-------------------------------------------
ASIC boss Greg Medcraft says he doesn't want to regulate banking culture.
The head of Australia's corporate watchdog has responded complaints from Financial Systems Inquiry
chair David Murray that ASIC attempts to regulate company culture were comparable to those used by Adolf Hitler.
Opposition Leader Bill Shorten and the shadow treasurer Chris Bowen have taken the lead in the
financial services sector scandals and will hold a royal commission into the financial services sector if Labor wins the next election.
Today I say, enough is enough Opposition Leader Bill Shorten
Shadow treasurer Chris Bowen said the royal commission would cover banks, superannuation funds,
other financial institutions and insurance companies. The royal commission will look at whether illegal
and unethical behaviour in the financial services sector was widespread. It will also look at how the duty
of care financial institutions have to their customers works and how business structures affect the behaviour
of finance sector employees and whether Australian regulators have enough resources.
"We're not announcing the terms of reference today," Mr Bowen said.
Read more: http://www.theage.com.au/business/banking-and-finance/labor-calls-for-royal-commission-into-finance-20160407-go1dnr.html#ixzz45DC7GFCv
- Forums
- ASX - By Stock
- Never too late for banking fraud victims
OCV
octaviar limited
BFCSA calls are heard, but not by outgoing ASIC Chairman, G....
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OCV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Chairman
Nick Poll
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online