Today is the second IOTP installment in our series of financial crime. In our last episode, Adams and North painted the scene that financial crime inflicts significant financial and human costs on the victims.
We documented recent stories from both the UK and Australia as shown by BBC’s Panorama and the ABC’s Four Corners. We also show from both programs and from another clip that financial regulators such as the SEC, the FCA and ASIC have failed at their jobs to put a stop to financial crime and in particular intervene in the early pre-collapse stages.
Today we are going to be spending more time on the performance of ASIC in responding to reports of alleged misconduct.
If anyone would like to obtain a copy of the ASIC performance data or source documentation discussed in this episode, you can email John Adams at john@adamseconomics.com who can provide you with assistance.
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