In 2014 ASIC head Greg Medcraft told a room full of journalists that Australia was a paradise for white collar crime. Months before he had told a landmark Senate inquiry into the performance of ASIC and the Commonwealth Bank that the corporate watchdog had been too trusting of the big end of town. More Business Videos Previous slide Next slide Banks fires up about banks Liberal Senator Julia Banks remains steadfast when continually questioning the ASIC boss about his dealings with the Commonwealth Bank, unhappy with the answers. Two years on Medcraft should remind himself of those two important statements. With life insurance and financial advice in the spotlight, the corporate regulator was asked during a three-hour grilling in Parliament on Friday about its investigation into the … Next »

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