The Australian Securities and Investments Commission will be streamlined under a major shake-up, amid an exodus of executives and search by the Albanese government for new commissioners.
The restructure, which is partly a response to a report by the Financial Regulator Assessment Authority, was announced by the ASIC chairman Joe Longo at a town hall meeting with staff held in Sydney but broadcast to ASIC’s other offices on Tuesday.
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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
