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Chanticleer

‘Complacency and hubris’: Macquarie must heed ASIC’s warning

There is a huge disconnect between Macquarie and corporate cop Joe Longo over the group’s risk culture. Macquarie must heed the warning.

We’ve seen this movie before – and it never has a happy ending.

Whenever a large Australian financial institution finds itself under pressure from a regulator or regulators, their response follows a familiar formula.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/complacency-and-hubris-macquarie-must-heed-asic-s-warning-20250514-p5lz48