RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.39% (6.59%*) • Fixed: 5.39% (6.59%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.69% (6.48%*) • Investment PI: 5.39% (6.59%*)

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7.6 – The head of regulator ASIC testifies at the Banking Royal Commission

Views 26 Likes 0 Dislikes 0 Published January 1, 2021, 11:40 am

James Shipton, Chair of Australia’s corporate, markets and financial services regulator ASIC (the Australian Securities and Investments Commission), is being questioned over the regulator's cosy interactions with the major banks, a propensity to leave company names out of its reports, the handling of revelations of fraud at NAB, failing to take the banks on in court, why its board lacks any independent directors, and more.

Recorded on 22 and 23 November 2018 at the Lionel Bowen Building in Sydney.

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Martin is the Managing Director of BeliefMedia Pty Limited, and Australia's leading Finance Marketing Specialist. He is supported by a team of Australia's finest. Read more about Marty here.

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

7.6 – The head of regulator ASIC testifies at the Banking Royal Commission

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Martin Khoury

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