Australian regulation of its financial sector is putrid, pathetic and non-existent.
Look at the way Shemara and Macquarie behave? Where are the fines, penalties, what does Macquarie have to commit to get find? bank paedophiles like Westpac did?
What is ASIC supposed to be doing other than letting Macquarie get away with this stuff?
Defense Secretary in Australia, Richard Marles has his enormously opulent homes at Queanbeyan and South Geelong financed by Macquarie, it is just ridiculous and looks like some third world country and third world regulation more worthy of Putin or the corrupt neonazi clown that Putin opposes.
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