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When Greg Medcraft left Australia in November 2017, the then prime minister Malcolm Turnbull hadn’t yet called the banking royal commission.
As the nation’s major lenders and regulators faced the excoriating inquiry and its fallout, the former Australian Securities and Investments Commission chairman was far away, ensconced at the Organisation for Economic Co-operation and Development in Paris.
As leader of the OECD’s financial services directorate for the past three-and-a-half years, Medcraft made digital finance policy his key priority.
As banks and ASIC were forced to fix their cultures after shocking revelations at the commission, Medcraft was busy advising global governments and central banks on the technological disruption that blockchain is set to unleash.