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ASIC complex product clampdown embroils banks

2015-02-24 09:20:39| Automakers - Topix.net

ASIC's concerns centre on a group of 10 licensees of such products including HSBC, Westpac Banking Corp, Commonwealth Bank of Australia's subsidiary Count Financial, Genesys Wealth Advisers, and Madison Financial Group. Photo: Jim Rice The corporate regulator is applying more pressure on providers of complex financial products, in a clampdown that has embroiled several large banks.

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