ASIC chair vows tougher action

Original article by Andrew White
The Australian – Page: 19 & 30 : 18-May-18

Australian ­Securities & Investments Commission chairman James Shipton has confirmed that he is seeking additional funding from the Federal Government, after it backtracked on a decision to reduce ASIC’s budget. Shipton also says ASIC will fully utilise the new powers that it has been granted by the government, with the financial services sector to be a particular focus. He says the actions of financial services providers have created a "trust deficit", and the sector must work hard to overcome this.

CORPORATES
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, AMP LIMITED – ASX AMP, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

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