John Durie in The Oz highlights the issues that ASIC faces in dealing with matters like the Opes collapse. As Duries suggests, avoiding regulatory buck-passing is the key.
Several firms engaged in stock lending offered last year to provide information about their practices to the ASX. The ASX, in its infinite wisdom, said it did not know what it could do with the information. One interpretation: we can't make money out of knowing this, so don't tell us.
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