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submitted 1 week ago by [email protected] to c/[email protected]
  • 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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[-] [email protected] 3 points 1 week 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

this post was submitted on 03 Jul 2024
9 points (90.9% liked)

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