ABBOTT DID THIS! The Abbott government cut ASIC leading to the loss of more than 200 staff, emphasising self-regulation instead of government intervention.
LNP policy: defund regulators, blame regulators when they can't do their jobs, deregulate.
https://www.smh.com.au/politics/federal/banking-regulators-should-be-sacked-tony-abbott-says-20180423-p4zb5y.html
