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Regulatory

ASIC, "twin peaks" model faces review

BY LAURA MILLAN | MONDAY, 23 SEP 2013 11:05AM

Evidence that it took at least 16 months for ASIC to act on whistleblowers' information about misconduct within the Financial Planning division of Commonwealth Bank became a turning point in the long-running debate around the effectiveness of the current regulatory model for the financial services industry.

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