Greg Medcraft says budget restricted number of proactive investigations as Labor urges banking royal commissionThe head of the Australian Securities and Investments Commission has admitted budget cuts enacted by the Coalition have compromised the corporate watchdog’s ability to engage in proactive investigations.
Asic suffered a prick of $120m over four years in the 2014 federal budget. Related: Malcolm Turnbull says banking royal commission just a Labor 'thought bubble' Related: Malcolm Turnbull rebukes banks after Asic allegations against Westpac Related: Labor calls for banking and financial services royal commission Continue reading...
Source: theguardian.com