Mr Medcraft said ASIC was planning a “major campaign” on culture this year.
“We intend to: first, incorporate culture into our risk-based surveillance reviews; second, use the surveillance findings to better understand how culture is driving conduct among those we regulate; and third, communicate to industry and firms where we have a problem with their culture and conduct.”
“We will intend to enforce where we see the wrong culture that’s driving bad outcomes.”
‘Enforcement 40’ for 2020
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