Quantcast
Subscribe to our newsletter

ASIC hopes new rules will stamp out bad bank products

The corporate regulator hopes new draft rules governing a range of financial products will stop banks and super funds from designing and distributing bad products like junk insurance and near worthless superannuation 'cash' options.

ASIC hopes new rules will stamp out bad bank products
smsfadviser logo
  • Shared by The Age
  • December 20, 2019
share this article

The Australian Securities and Investments Commission on Thursday released a consultation paper for the new design and distribution obligations (DDO) for financial services groups -- the newest tool in ASIC's expanded armoury.

Read more at The Age.

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles