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Investment Strategy

ASIC wants “bad apples” out of finance

The Australian Securities & Investments Commission wants to ensure “bad apples” in finance are culled. The regulator, that enforces company and financial services law, is seeking to be more assertive. ASIC will have a “proactive, regulatory approach,” says commissioner Peter Kell. Regulators will be “more forward looking” in addressing risk. Kell, citing an ANZ survey, […]