SMH.com.au·3 min read·medium
‘Real harm’: Record $830m in fines against banks, financial firms
E
Elias Visontay
✦AI Summary
Australian financial regulators secured a record $830 million in civil penalties against banks and financial firms over the past year for various misconduct issues. The ASIC chair emphasized that the agency will continue to pursue legal action against companies for systemic failures and consumer harm.
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