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Greg Medcraft, chairman of the Australian Security and Investments Commission (ASIC), appeared on Lateline last night where he attempted to defend the organisation’s impotence in policing banking malfescence. Below are the key extracts:
EMMA ALBERICI: Do you believe you have the capacity and the resources to weed out bad behaviour at the banks?
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.