Aussie regulator signals tougher misconduct stance

Sydney: Australia's largest banks are under close scrutiny

A repeat of the kind of conduct risk failures that saw Australia’s largest banks and insurers bribing staff to hit sales quotas and selling life insurance to dead customers will be met with the full force of newly beefed-up laws, a senior regulator at the Australian Securities and Investments Commission has warned.

Cathie Armour, a commissioner at Asic, said her watchdog intended to take full advantage of recent changes to the law when it comes to conduct risk enforcement, which have seen jail

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: