To try to remove potential conflicts of interest with regard to the ASX monitoring listed companies,____ has also assumed the role of supervising the ASX.

Question

Quizplus · Accepted Answer

ASIC stands for Australian Securities and Investments Commission and is responsible for regulating and enforcing laws relating to financial markets, including the stock exchange. It is independent of the government and is therefore seen as the best option for supervising the ASX and removing potential conflicts of interest. APRA and the RBA have different responsibilities (regulating banks and managing monetary policy, respectively) and the Stock Brokers Association is a professional organization for brokers, not a regulatory body.

To Try to Remove Potential Conflicts of Interest with Regard