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ASIC chairman discusses Storm investigation

Discussion in 'Share Investing Strategies, Theories & Education' started by Simon Hampel, 16th Apr, 2010.

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http://www.abc.net.au/insidebusiness/content/2010/s2869540.htm

http://mpegmedia.abc.net.au/insidebusiness/video/201004/r546476_3206425.flv

If last year was a shocker for corporate Australia, spare a thought for its regulator, the Australian Securities and Investments Commission.

It copped a public battering over the disastrous collapses of Opes Prime and Storm Financial occurring on its watch, and in the courts it suffered a string of heavy defeats accompanied by rebukes from judges in cases against executives from AWB, OneTel and Fortescue Metals.

Still licking its wounds, ASIC has an array of new challenges to deal with, including taking over the responsibility for policing market integrity in the new era of a competitive stock market.

I caught up with ASIC chairman, Tony D'Aloisio, this week.

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Last edited by a moderator: 17th Sep, 2016

Simon Hampel, 16th Apr, 2010

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