Judge fines NAB $15M, questions ASIC’s ‘introducer’ investigation

Financial Services 2020-10-19 6:01 pm By Miklos Bolza | Sydney

A judge has slapped National Australia Bank with a $15 million penalty over its scandal-ridden home loan introducer program but slammed ASIC’s investigation into the program, saying there was no “real regulatory desire to pursue a thorough investigation as to what in truth occurred”.