Call for ‘toothless tiger’ ASIC to be split in two
Ronald MizenSenior reporter
Australia’s corporate cop is a “toothless tiger” that has fundamentally failed investors and should be broken up, according to the findings of a 20-month Senate inquiry that delivered a scathing assessment of the agency.
The Australian Securities and Investments Commission should be split into a companies regulator and a separate financial conduct authority, according to Coalition and Greens senators.
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