Banking regulator to 'embed' officers inside the banks

ASIC boss James Shipton (left) and Treasurer Scott Morrison

ASIC boss James Shipton (left) and Treasurer Scott Morrison Source: AAP

Australia’s corporate regulator plans to have its officials policing the banks from within.


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.


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