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In the 1990s, a major development in Australian public administration was the creation of specialised statutory agencies responsible for financial regulation: the Australian Consumer and Competition Commission, the Australian Securities and Investments Commission, and the Australian Prudential Regulation Authority. The responsibilities, resources and public profiles of all three regulators have grown appreciably since their creation. Richard Grant examines a specific challenge for each of the regulators, and the regulatory strategies they employ to monitor Australia's corporate sector.

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