It is like this: analysts that work for APRA and ASIC are poached by the Banks at a higher wage (APRA and ASIC seriously under pay their staff) these new recruits teach the Banks how to beat APRA at its own game.
The Commonwealth does not care and understaffs APRA and ASIC.
PRESTO we are all stuffed!
The bankers should have been thrown in gaol after the Hayne Royal Commission. It tells you something about who owns whom.
Westpac didn't know about child abuse allegations, page-63
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