Short memories will see history of banking misconduct repeat warns former ACCC chair Graeme Samuel who takes swipe at former ASIC boss Greg Medcraft for chasing overseas posts

Former ACCC chairman Graeme Samuel warns that despite shocking revelations from the banking Royal Commission that the history of misconduct is destined to repeat. 

Professor Samuel also worries about regulators being "captured" by the industry and has criticised former regulators for focusing on their next global career rather than dealing with challenges at home. 

Professor Samuel named the OECD and the international regulatory organisation IOSCO as key temptations. 

Former ASIC chairman Greg Medcraft is a former IOSCO chairman and recently began a new post with the OECD in Paris. Professor Samuel did not specifically refer to Mr Medcraft when he spoke with the ABC's Peter Ryan.

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