ASIC update on implementation of Royal Commission recommendations

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ASIC yesterday provided an update on its planned actions responding to the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission).

‘This update is a crucial document for ASIC as it highlights our important work to date of putting ASIC on a more effective strategic footing, including creating a functionally separate Office of Enforcement,’ said ASIC chair James Shipton.

‘ASIC looks forward to working with the Parliament, the Government, APRA and other regulators on these reforms that are so crucial to the creation of a fair, strong and efficient financial system for all Australians.’

Read the full update.

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