The Australian Securities and Investments Commission has appointed 18 members to a new Financial Services and Credit Panel (FSCP) that will be make misconduct decisions.

The peer review panel will provide a range of financial services and credit sector knowledge and experience, Chairman Greg Medcraft said.

“Our administrative decisions will benefit from the input of professionals who have a thorough understanding of current industry practices and standards,” he said.

The FSCP provides a pool of people that ASIC can draw upon to create separate sitting panels that will hold hearings and decide on banning orders.

Sitting panels will comprise two FSCP members and an ASIC representative.

FSCP members named were Brad Fox, Annette Spencer, Gaye Simpson, Gayle Cilfone, Bruce Debenham, Jennifer Diggle, Calvert Duffy, Johanna Turner, Christine McArthur, Naomi Layton, Dacian Moses, Peter Wade, Don Crellin, Stephen Cavanagh, Fiona Rowland, Brian Salter, Gabrielle Bouffler and Cherie Feher.