ASIC's outlook ... the road ahead
A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission, Australian Shareholders’ Association (ASA) Making a Difference Conference 2013, 8 May 2013.
The Australian Shareholders’ Association (ASA) has a long and proud history of shareholder representation, having been an advocate for shareholders and contributing to the corporate governance debate since 1960.
The world has changed a lot since then – who would have imagined we would have high-frequency trading and retail order flow in dark pools in this fast-paced new millennium!
The ASA has kept pace, and continues to remain relevant to shareholders and the community.
As a member of ASIC’s Consumer Advisory Panel we value the ASA’s contribution and commitment to improving members’ financial literacy – an issue very high on the ASIC agenda.
Ladies and gentlemen, I’ve been asked to speak about the road ahead for ASIC. When I think about what’s ahead, I see three things facing ASIC:
- structural change
- ongoing innovation-driven complexity