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AAP
AAP
Business
Jacob Shteyman

The 'existential' threat facing the corporate watchdog

ASIC chair Joe Longo says the watchdog must meet the demands of a more complex business environment. (Richard Wainwright/AAP PHOTOS)

Joe Longo has overseen a transformation in his three and a half years as chair of ASIC, but one risk still remains which is "existential" for the corporate watchdog.

The former lawyer is determined to make corporate Australia fix systemic underfunding and archaic processes behind a slew of high-profile customer service failures, such as superannuation giant Cbus's delays in paying out death and disability claims.

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