Putting regulators inside corporations isn't new, and the US experience highlights risks of regulatory capture, but the move could make a difference if ASIC is shifting to more robust enforcement.
ASIC and APRA don't lack power to sack bank directors. They the lack the willpower to do so.
The Trump administration is committed to deregulating industry, as it's done with the EPA Clean Power Plan. But a historian shows how regulations have actually benefited both industry and consumers.
NAFTA renegotiations may see provisions from the Trans-Pacific Partnership revive like zombies. We must remember their failures - on income inequality, labour and environmental protection.
The system is rigged for a small minority to profit, but are we brave enough to deploy the solutions that would work?
The Volkswagen emissions scandal highlights the benefits of the German corporate governance system, as well as the worst of lobbying around the world.