ASIC nicks bank 66, parades more Hayne style
There are 66 investigations and court cases involving the big four banks, Macquarie and AMP on foot at ASIC, "with more to come as it tries to expedite a mountain of work coming out of last year's financial services royal commission," The Australian reports. Relying on an ASIC FOI disclosure of a briefing for the incoming government, the newspaper also reports that ASIC plans to conduct public hearings - its first in its 21 years of operation - maybe by the end of this month, to quiz bankers over their approach to responsible lending standards.The briefing also confirms ASIC "continues to investigate two mystery criminal referrals made to it by Kenneth Hayne last year, which The Australian has previously reported involve two of CBA, NAB and AMP."