Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Product intervention will not harm innovation, says ASIC

Notify me of new replies via email
Australian Broker | 07 Sep 2015, 08:19 AM Agree 0
ASIC says giving the regulator product intervention power, which would include the power to ban products, will not stifle innovation and competition
  • South Coast Broker | 07 Sep 2015, 10:11 AM Agree 0
    ...but are we confident that ASIC has the experience and product knowledge, or even a sufficient market understanding, to make these decisions.
  • Really?...... | 07 Sep 2015, 11:02 AM Agree 0
    And so it begins...............

    Public servants now in control of industries they've never worked in.

    Eaxctly how most disasters have begun around the world in financial markets.
  • Regional Broker | 07 Sep 2015, 11:43 AM Agree 0
    "product Intervention or Banning would be very rare " < Oh Really there are the people who last week made outlandish statement about loan defaults being higher in the third party channel as opposed to Bank Direct channel which was WRONG . Can we trust these people to come up as well researched and educated NO NO NO
  • GC | 07 Sep 2015, 02:27 PM Agree 0
    Give them a home loan (probably from a broker) and they think they are experts. Here come the unintended consequences from the uneducated fools.
Post a reply