Future of financial regulation
A speech by Greg Medcraft, Chairman Australian Securities and Investments Commission at the Financial Services Council (FSC) Annual Conference, 31 July 2013
It’s always a pleasure to attend the FSC Annual Conference. It’s an important forum in which we can discuss key issues affecting industry, and work towards a common solution.
Today I’d like to talk about an issue that is relevant for many countries, as it affects how future growth will be funded.
There is a significant structural shift that is occurring towards market-based financing. That is, debt and capital markets as opposed to traditional bank lending.