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ABC News
ABC News
Business
Stephanie Chalmers

As it happened: ASIC boss faces royal commission scrutiny for negotiating penalties with banks

The banking royal commission has wrapped up its Sydney hearings with a further grilling of ASIC chairman James Shipton.

The head of the corporate regulator faced scrutiny for negotiating penalties and community benefit payments with the banks.

Next week Kenneth Hayne's inquiry will return to Melbourne, with ANZ, NAB, AMP and banking regulator APRA to give evidence.

Here's how it unfolded through the day:

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