Making presumptive appointments
Everyone should be allowed a victory lap, even the chairman of the Australian Securities and Investments Commission (ASIC), Greg Medcraft.
At least, that is what Outsider presumes Medcraft was doing when, in mid-March, he played host and general bon vivant to the annual ASIC Forum at Sydney's venerable Hilton Hotel as well as schmoozing various International Organization of Securities Commissions (IOSCO) officials.
Now it is no secret that Medcraft's current term as ASIC chairman expires this year and there has been plenty of speculation about his desire to continue in the role thus, not unlike the current Federal Government, he has given the appearance of campaigning for another term.
Having been appointed to the job by former Labor Treasurer, Wayne Swan, it is a moot point whether the likes of current Liberal Treasurer, Scott Morrison, is suitably impressed, but you have to give Medcraft points for enthusiasm.
A highlight of the ASIC Forum was that IOSCO had selected ASIC to host its 2019 annual conference in Sydney in three years' time which suggests the ASIC chairman is making appointments hew w is not entirely certain he can keep.
Outsider reckons that given the number of frequent flyer points Medcraft has accumulated in attending IOSCO meetings, he should at least be granted observer status.
AUTHOR
The Outsider
Recommended for you
When it comes to a business merger, achieving the voting approval can be just the first step.
When it comes to human interest stories, the Australian Prudential Regulation Authority is keen to let the organisations it regulates know its staff are more than just faceless automatons.
Outsider is hopeful of the news from advice firm Invest Blue that it is trialling a move to a nine-day fortnight for its staff.
Like most of the financial advice industry, Outsider has spent the week reading through the final report of the Quality of Advice Review.
