Embedding regulators in banks can help change cultures of wrongdoing, despite the risks
- Written by Vicky Comino, Lecturer in Corporations Law and Regulation of Corporate Misconduct, The University of Queensland
The federal government’s adoption of ASIC chair James Shipton’s proposal to embed ASIC supervisors in the banks is an important initiative. The Global Financial Crisis and the procession of corporate and financial scandals since then have led to what Shipton calls a “trust deficit”. The move to embed regulators in banks...
