Australia’s financial regulator investigates less than 1 per cent of tip-offs it receives about suspected corporate misconduct.
That’s according to a scathing report compiled by economist John Adams of Adams Economics, released on Thursday morning, which has found the Australian Securities and Investments Commission’s (ASIC) handling of misconduct complaints “is getting worse not better”.
The analysis, pulled from publicly available data from the regulator spanning the last decade from 2011 to 2021, had “worrisome implications”.
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