ASIC allows naming and shaming of financial firms

Pedro Gonçalves
clock • 2 min read

The Australian Financial Complaints Authority (AFCA) will be able to name and shame financial firms in its published determinations following approval from ASIC. In deciding to disclose names, the Australian Securities and Investments Commission said this will help identify conduct or market problems within organisations, specific products or services. "ASIC's view is that naming firms in determinations can help identify conduct or market problems within firms or affecting specific products or services, as well as highlighting where firms have done the right thing," ASIC said in a sta...

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