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Make financial firms more accountable for products: FSI

Making financial firms more accountable for the design and distribution of products and giving the Australian Securities and Investments Commission (ASIC) increased powers to safeguard consumers were central recommendations in the final report of the Financial System Inquiry (FSI) that was handed down today.

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Read more: ASICFSIAustralian SecuritiesDavid MurrayFinancial System InquiryInvestments CommissionJohn BrogdenRegulatoryCommonwealth BankFinancial Services CouncilFSCMurray Inquiry