The Parliamentary Joint Committee on Committee on Corporations and Financial Services has issued its 2008 report on oversight of ASIC.
The main issues that are considered in this report include:
- the regulation of financial markets, particularly issues relating to short selling and margin loans;
- ASIC’s strategic review;
- ASIC’s response to recent property investment scheme collapses;
- the regulation of financial planners and the introduction of professional indemnity insurance for negligent advice;
- banking and credit regulation and the implementation of the government’s green paper proposals.
The answers to questions on notice are interesting.
