Australian watchdogs seek closer cooperation as scandals multiply
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SYDNEY (Reuters) - Two of Australia's main financial regulators have struck an agreement to cooperate more closely on investigations and intelligence as a wave of scandals rock the country's banking industry.The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have signed an updated Memorandum of Understanding (MoU) to deepen ties at all levels of the agencies.The MoU was a key recommendation of a Royal Commission into the..