The Conversation

War on banking's rotten culture must include regulators

Author: The Conversation

ASIC Chairman Greg Medcraft wants to be able to charge banks that enable damaging corporate culture.Dan Himbrechts/AAP

At conferences in Sydney last week, the heads of ASIC (Greg Medcraft) and APRA (Wayne Byres) agreed on a few things: banking culture is rotten; culture is “hard” to deal with; and regulators are basically at a loss on...

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