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Which of the following relating to the Royal Banking Commission is false?(a) While the Royal Commission can conduct public hearings and inquiry into misconduct, it does not have the power to prosecute.(b) While the big four banks were chastised for their conduct in relation to financial advice, no recommendation was made by the Royal Commission to strip banks of their financial advice divisions.(c) It was recommended that APRA rewrite executive pay standards and get its regulated entities to review remuneration structure.(d) The commission commented that APRA and ASIC consult closely with each other and are engaging in high level of information exchange.

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