The Federal Government is resisting calls for a royal commission into the corporate watchdog and the Commonwealth Bank.
A Senate inquiry into a fraud scandal that left thousands of customers millions of dollars out of pocket has slammed the Australian Securities and Investments Commission's (ASIC) handling of rogue financial planners working at the Commonwealth Bank.
The majority report suggests both organisations should face closer scrutiny, but Finance Minister Mathias Cormann says an inquiry into the financial system is already underway.
from Just In http://ift.tt/1lTz806
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