Friday 31 May 2019

Getting a bonus for underperformance?


Australia budget lifts funding for financial regulators What incentive do ASIC and APRA have to do a better job when they keep getting more money precisely because they are doing a poor job - $400 million more for ASIC and $150 million more for APRA. ...and what incentive does the ACCC have to keep doing such a great job when it ends up with absolutely no funding increase in the budget!

https://www.reuters.com/article/us-australia-budget-regulators-idUSKCN1RE0Q0

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