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Regulators

ASIC on the verge of Hayne litigation blitz

ASIC is planning a litigation blitz in coming months as it puts up to 50 matters into the courts, many of them arising from the Hayne royal commission. ASIC deputy chairman (enforcement) Daniel Crennan, QC, has told The Australian Financial Review that on top of the 13 referrals from the commission, the regulator was looking at “three times as many” case studies with a view to legal proceedings.

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AFCA's response to the Royal Commission Final Report

AFCA has released a media release regarding our statement on the Royal Commission Final Report. The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry handed down its final report to the Governor-General on 1 February 2019. The final report has now been released. This substantial report marks an important milestone for financial services in Australia.

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