A speech by John Price, Commissioner, Australian Securities and Investments Commission, Deloitte Australia (Melbourne, Australia) 24 September 2015.
Introduction
Thank you for the opportunity to speak here today.
Today I really wanted to cover four key topics of great relevance to our markets. These are:
- global regulatory trends and how they will impact Australia
- culture as a key driver of conduct
- cyber resilience
- the importance of informed markets.
By covering these topics today I am not suggesting that audit committee members, CFOs or CROs necessarily have primary responsibility for how they are handled within firms. What I do think, however, is that these are critical issues and that it is important for you to reflect on these issues and what they might mean for you and your firms in future. They are certainly the types of issues that ‘keep me awake at night’.
But before I begin I wanted to alert you to ASIC’s Corporate Plan for 2015–16 through to 2018–19. This is a key document setting out our vision, what our strategic priorities are, where we see future challenges and risks, and what we intend to do about it. What I will say today has been written against that context.