Additional government funding for the Australian Securities and Investments Commission (ASIC) will give ASIC the power to embed staff within financial institutions – a move the government says will help them prevent misconduct.
Banking regulator to 'embed' officers inside the banks
Source: AAP
Australia’s corporate regulator plans to have its officials policing the banks from within. Image: ASIC boss James Shipton (left) and Treasurer Scott Morrison (AAP)
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