CBA says ‘non-existent’ chance it will make admissions in ASIC’s conflicted remuneration case

Financial Services 2021-03-11 7:27 pm By Cindy Cameronne | Sydney

The Commonwealth Bank of Australia has told a judge there’s no chance it will admit to ASIC’s allegations that it accepted conflicted remuneration through the sale of its Essential Super product, likening the matter to ASIC’s failed ‘Wagyu and shiraz’ case against Westpac.