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Comyn vows 'honest' approach to ASIC

Nov 21, 2018 - Australian Financial Review

Commonwealth Bank has pledged to be more proactive and transparent with the corporate regulator, despite the risk it may use its fresh powers and funding to launch new legal actions against the bank.

With the royal commission probing CBA's long delay responding to the Australian Securities and Investments Commission's concerns about consumer credit insurance, CEO Matt Comyn said he'd agreed to new "engagement principles" with ASIC.

These commit CBA staff to acting proactively, in a t...