THE DISTILLERY: Lynch pining

One commentator is disappointed by new ASIC guidelines, while others farewell Transurban's Chris Lynch.

During the global financial crisis, a number of now-infamous risky investment schemes targeting retail investors blew up, catching the corporate regulator with its pants down in the process. Though this was a common story in much of the world, it’s taken until now for the Australian Securities and Investments Commission to come up with a new set of guidelines for them. Unfortunately, The Age’s Adele Ferguson finds that the new requirements are somewhat underwhelming. Elsewhere, another commentator believes the banks aren’t increasing their margins due to higher overseas funding costs, but to compensate for poorer lending demand, while industry protection from Canberra is also on the agenda.

But first we start with The Age’s Adele Ferguson, who takes her readers through the guidelines that have just been set by ASIC to apparently keep managed investment schemes honest.


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