ASIC deputy chairman and head of enforcement Daniel Crennan QC has resigned with immediate effect, leaving the conduct regulator’s senior leadership in disarray.
Mr Crennan, who is embroiled in a row over $70,000 in relocation costs despite receiving advice from the watchdog that his expenses were “consistent with ASIC policy”, tendered his resignation to Treasurer Josh Frydenberg today (Monday).
“I had been intending to retire from my position in July 2021,” he says in a statement. “However, in the current circumstances, I have decided that it is in the best interests of ASIC for me to resign now.
Source: The Australian
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