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The APRA (Australian Prudential Regulation Authority) & ASIC (Australian Securities and Investments Commission) both faced significant criticism in the wake of the Banking Royal Commission.

The APRA (Australian Prudential Regulation Authority) & ASIC (Australian Securities and Investments Commission) both faced significant criticism in the wake of the Banking Royal Commission. What were some of the criticisms and analyse why this related to the effectiveness of the regulators?

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