The corporate regulator ASIC says it is considering the need for criminal sanctions and pushing for heavy fines for poor cultures in the financial services sector.
The Australian Securities and Investments Commission’s chairman Greg Medcraft told a Senate Estimates hearing that he wants to be able to charge banks and their directors when company culture has allowed for misconduct by employees.
The Australian Securities and Investments Commission’s chairman Greg Medcraft told a Senate Estimates hearing that he wants to be able to charge banks and their directors when company culture has allowed for misconduct by employees.
