Unravelled: Close and continuous monitoring - the new ASIC approach of embedding its officers in banks

ASIC has recently announced a new supervisory approach that involves embedding ASIC officers in the four major banks and AMP. The initial media reporting on this approach suggested that it would involve embedding 'teams of up to 20 agents for weeks at a time to sit with bank staff, drop into meetings and trail the CEO, executives and directors to identify misconduct before it arises.'

from Allens Banking & Finance publications http://www.allens.com.au/pubs/fsr/1809-unravelled-02.htm