International Law

The Parliamentary Joint Committee on Committee on Corporations and Financial Services has issued its 2008 report on oversight of ASIC.

The main issues that are considered in this report include:

•   the regulation of financial markets, particularly issues relating to short selling and margin loans;
•   ASIC's strategic review;
•   ASIC's response to recent property investment scheme collapses;
•   the regulation of financial planners and the introduction of professional indemnity insurance for negligent advice;
•   banking and credit regulation and the implementation of the government's green paper proposals.

The answers to questions on notice are interesting.