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It’s been four years since the Hayne royal commission delivered its blistering attack on ASIC, but business leaders worry about ongoing malaise in the corporate cop
Corporate watchdog chairman Joe Longo is poised to reveal the largest shake-up of the ASIC in 15 years next month, in a move designed to streamline enforcement, cut bureaucracy and deliver faster decision-making.
Long-serving commissioner Cathie Armour is due to depart the corporate cop in six weeks’ time, leaving a giant gap in market regulation and cybersecurity.