1277 days ago

The Federal Government’s decision to provide ASIC with a ‘one-off’ funding boost of $127 million to enhance the corporate regulator’s capabilities in the wake of continuing financial sector scandals is welcome, but it does not address the more urgent need for a sustainable long-term funding model to give ASIC the financial stability it needs to be an effective ‘cop on the beat’ into the future, says Governance Institute of Australia.