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ASIC would "rarely" ban products

ASIC would only ban products in "extreme circumstances" if its regulatory powers were expanded as per Financial System Inquiry recommendations, ASIC chair Greg Medcraft said.

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Read more: ASICGreg MedcraftFinancial System InquiryAustraliaBankingBrisbaneFinancial Services CouncilFinancial Services Law AssociationFinancial StandardSally Loane