Macquarie chief executive Shemara Wikramanayake assured ASIC chairman Joe Longo that the investment bank takes its regulatory obligations seriously after he used a parliamentary hearing to take a swipe at Macquarie’s disciplinary record.
“Every now and then, we can make mistakes, and our view is: fix them, learn and operate better,” she said on Friday, when asked to respond to last week’s dig by Mr Longo.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
