Market regulator blasts Australian 'culture of leaks'

Market regulator blasts Australian 'culture of leaks'
RegCo chief executive, Joost van Amelsfort says leaks are often used to create negotiating leverage.
Dan Brunskill
New Zealand’s listed market regulator has slammed Australia’s finance sector for its culture of leaking information it says threatens market integrity and hurts shareholders.RegCo chief executive Joost van Amelsfort said the “growing culture of information leaks” was a major concern for ensuring investors were properly informed and operating in a fair environment.“It is a culture that should not be tolerated,” he said in a statement to BusinessDesk.The regulator said there had been an increasing number of lea...

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