The committee's chairman, Labor senator Mark Bishop, says ASIC has been complacent in its investigation of the rogue financial planners and further investigation is needed.  "We still don't know how many clients have been affected," he said.  Nationals senator John Williams, the only Coalition member to endorse all 61 recommendations, told News Radio there should be a broad-ranging royal commission into white collar crime in Australia.  Audio: ASIC chairman questions need for royal commission in CBA scandal(The World Today)

"Many years ago we heard of the robbers with pistols and guns and rifles and now it seems to be biro and a computer the way people a lose their money and are robbed of their savings," he said.  Senator Williams says the scandal has been a "very big wake-up call" for the Commonwealth Bank and Macquarie Private Wealth.  "We can't go on having people who have worked hard all their life and built up a nest egg and seeing people rob it," he said.  Senator Williams says he has had meetings with the Commonwealth Bank and it is reviewing its files and making corrections.