Several banks look likely to be targets of ASIC over the level of compensation paid to investors advised by the failed Storm Financial.The Sydney Morning Herald reports that Australian Securities and Investments Commission chairman Tony D'Aloisio is expected to announce its stance today against banks involved in lending to Storm's clients.

Commonwealth Bank, Bank of Queensland and Macquarie Bank were the largest lenders to Storm investors.

CBA set up a dispute resolution process to address complaints of Storm customers.