ASIC and behavioural economics: Regulating for real people
A speech by Peter Kell, Deputy Chairman, Australian Securities and Investments Commission at The Impacts of Behavioural Economics on Financial Markets and Regulations Symposium (Brisbane, Australia), 18 October 2016
Thank you for inviting me to speak here today at the Queensland University Behavioural Economics Group (QuBE) symposium on the impacts of behavioural economics on financial markets and regulations.
As everyone here knows, the approach to understanding markets and regulation captured by the term ‘behavioural economics’ is increasingly an accepted part of the regulatory narrative. At ASIC, we believe that enhanced behavioural understanding can help us to significantly improve market and consumer outcomes.