Research finds ASIC contracts with financial services deter misconduct A UNSW study has found that financial services and credit providers fear being sanctioned by Enforceable Undertakings (EUs), despite speculation that the regulatory contracts are ineffective. The Australian Securities and Investments Commission (ASIC) released the pilot study on the deterrent effect of EUs, which are contracts between the regulator ASIC and a financial service or credit provider. The study was led by Professor Dimity Kingsford-Smith, who is the MinterEllison chair of risk and regulation and the director of the UNSW Centre for Law Markets and Regulation (CLMR). The CLMR team was...