Treasurer says the Australian Securities and Investment Commission has same powers as a royal commission so review not necessaryThe treasurer,Scott Morrison, has all but ruled out a wide-ranging inquiry into the banking sector by the corporate watchdog Asic.
The role of the Australian Securities and Investment Commission has been at the heart of a debate about whether Australia needed a royal commission into the banking industry after many scandals. Related: Asic chief: Coalition's cuts reduced our capacity to investigate Related: Schools and hospitals need a straight message from Scott Morrison and PM Continue reading...
Source: theguardian.com