ASIC admits performance failures

The Senate Economics Committee inquiry into the performance of ASIC has heard admissions of delays from ASIC’s Commissioners as well as a commitment to be more pro-active and transparent in responding to complaints.

This video (3:11) from ABC’s The Business describes ASIC’s admissions as a mea culpa in relation to frauds by employees CBA’s financial planning arm and shows the Commissioners giving evidence.

 

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