Sotto voce not the language of ASIC leadership aspiration

Outsider/ASIC/

2 April 2021
| By Outsider |
image
image image
expand image

It has been a long time since Outsider involved himself in thespian pursuits but he does recognise a ‘stage whisper’ when he hears one.

Stage whispers are almost as old as the stage itself – Outsider feels sure that Shakespeare occasionally uttered behind the scenes whispers when he noted one or other his leading men (and they were all men) forgetting their lines.

However, Outsider believes the current deputy chair of the Australian Securities and Investments Commission (ASIC), Karen Chester, would do well to remember that things have moved on since the days of London’s Globe Theatre and that modern microphones are very sensitive devices which miss very little of what is said, particularly during video conferences.

Thus, Outsider believes that those who are vetting the candidates to replace James Shipton as chair of ASIC will have noted the manner in which Chester may have mastered the art of the stage whisper but may not have mastered the auditory acuity of modern microphones.

Outsider is not at all sure that Chester’s colleague ASIC commissioner, Danielle Press, needed the whispered advice during ASIC’s recent appearance before the House of Representatives Standing Committee on Economics to “take it on notice”.

Chester has admitted throwing her hat in the ring to be the next chair of ASIC and seems unafraid to give voice to reinforcing those leadership ambitions.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 4 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3