ASIC mulls 'cooling off period' for switching

ASIC chair Joe Longo has said introducing “frictions” into the super switching process could help avoid a repeat of the First Guardian and Shield “catastrophe”.

- Eliza Bavin

"No one wants to preside over a problem like this if there are some potential solutions. So, I think there's going to require some engagement with the sector as to what the practical solutions might be," Longo told the National Press Club this month.