Business
Lawyer Joe Longo to replace James Shipton as ASIC chairman – The Australian Financial Review
ACCC commissioner Sarah Court will also join the corporate watchdog as deputy chairman, while the government plans to review ASIC with a new regulators’ regulator….
Both Mr Crennan and Mr Shipton were ultimately cleared by the independent review.
Along with the leadership appointments, the government also on Thursday said it will issue ASIC with a new statement of expectations and introduce legislation to establish a watchdog overseeing the watchdogs, the Financial Regulator Assessment Authority (FRAA), which was recommended by royal commissioner Kenneth Hayne.
Treasurer Josh Frydenberg, who announced the appointments on Thursday, said the new statement of…
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