The ‘existential’ threat to ASIC

by

Ed.

From michaelwest.com.au: ASIC Chair Joe Longo highlights the “existential” threat facing the corporate watchdog due to its lack of resources and inability to keep pace with the complexities of modern corporate governance.

Despite achieving a 33% increase in successful prosecutions, he acknowledges the need for significant investment in technology and data management to effectively regulate a rapidly evolving business environment.

Longo calls for a reevaluation of Australia’s overly complex regulatory framework, which hinders both compliance and enforcement efforts.

Filed under: ASIC

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