Treasurer Josh Frydenberg has cleaned out the top leadership of the corporate regulator and inserted a new guard, appointing former banking lawyer Joseph Longo as chairman and charging him with supporting the economic recovery from the COVID-19 crisis.
The new-look Australian Securities and Investments Commission now faces a shift to a more business-friendly footing and its performance will be assessed by a watchdog for regulators that will be created later this year.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Michael Pelly is the legal editor, based in our Sydney newsroom. He has been a senior adviser to federal and state attorneys-general and written two books, one a biography of former High Court Chief Justice Murray Gleeson. Email Michael at michael.pelly@afr.com
