Former acccgovau chairman Graeme Samuel on ASIC's future: Let's give ASIC a chance to reform its culture. MORE: newsday
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ASIC orders CBA financial planning unit to stop taking feesASIC has told Commonwealth Financial Planning to stop charging or receiving ongoing service fees from its customers for failure to meet a court enforceable undertaking.
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ASIC goes nuclear on CBA ahead of royal commission reportASIC has banned CBA's financial planning business from charging any fees or taking on new customers after the regulator determined that the bank hadn’t yet properly fixed the weeping sore of fees for no service.
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ASIC goes nuclear on CBA ahead of royal commission reportIt looks like no accident of timing that the corporate regulator has launched a nuclear strike against CBA in the hours leading up to the release of the final report of the banking royal commission.
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Banking royal commission expected to be hard on regulators | Sky News AustraliaWhistleblower Jeff Morris says he believes the banking royal commission will be hard on regulators, after a senate committee in 2014 found that Australian Securities and Investments Commission (ASIC) was a ‘weak and hesitant’ regulator. \n\nMr Morris says that it is clear from the hearings of the royal commission that ASIC and Australian Prudential Regulation Authority (APRA) have been ‘missing in action’ regulators. \n\nCommissioner Kenneth Hayne’s final report will be released on Monday, three days after it was delivered. \n\n\n\n\n\n\n\n\n\n
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Live: Government 'taking action' on all 76 banking royal commission recommendationsBREAKING: Banking royal commission has referred several institutions to ASIC for possible criminal charges, but declined to name names
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Financial institutions face possible charges following final banking royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n
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Financial institutions face possible charges following royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n
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