Financial Services Royal Commission and use of information disclosed to ASIC

By David Jacobson The Financial Services Royal Commissioner has signalled that the first round of public hearings from Tuesday 13 March will not necessarily be a mere recitation of case histories.
In his reasons for a non-publication direction relating to one exhibit to CBA’s statement in the Commission’s examination of CBA’s mis-selling of consumer credit insurance the Commissioner rejected a non-publication direction for other exhibits. The Commissioner stated that “Exceptional circumstances must be demonstrated for the Commission… to direct that information revealing conduct of a kind that the Commission must investigate and report about not be publicly available.”
CBA had sought to keep confidential exhibits …read more

Source:: Bright Law

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