• In short: A Senate committee recommends ASIC be split up, to create a corporations regulator and a financial services regulator.
  • Key findings of the report include a “bad culture” at the corporate watchdog, and a sprawling bureaucracy that is unable to prosecute white-collar crime.
  • What’s next? Committee chair Andrew Bragg says its unlikely the recommendations will be adopted in this term of government.

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  • lockyc
    15 days ago

    2 regulators so they can ague between themselves, pass the buck and blame the other when nothing is happening. Everyone gets their own little fiefdom