A speech by Peter Kell, Deputy Chairman, Australian Securities and Investments Commission at the Berle V Conference, Capital Markets, the Corporation and the Asian Century: Governance, Accountability and the Future of Corporate Law, Sydney, 13 May 2013.
Introduction
...
When I think about what’s ahead for securities regulation, I see three things:
-
structural change
-
innovation-driven complexity
-
globalisation.
These present a major challenge to securities regulators globally. Securities regulators have common strategic objectives of:
-
ensuring financial markets are fair, orderly and transparent
-
ensuring investors are confident and informed when they participate in the market
-
mitigating systemic risk in the financial system.
These strategic objectives are critical in having an efficient financial system where business has access to cost-effective capital in order to fund economic growth.