The Chinese walls that Macquarie Bank put in place – all its risk management procedures, its restrictions on personal trading, and staff training protocols to counter the insider trader bogyman of the investment world – were easily evaded by an associate director at the bank, Oswyn de Silva.
He was sentenced yesterday to a term of 2½ years for insider trading -18 months in jail and 12 months on a good behaviour bond.
Read more: Australia: Inside trader gets time inside — Sydney Morning Herald
