Setting the reform agenda in a changing regulatory landscape
A speech by Cathie Armour, Commissioner, Australian Securities and Investments Commission to the 10th annual Risk Australia conference, Sydney, 20 August 2015
Thank you for the introduction, and for the invitation to speak at the Risk Australia conference.
I was asked to talk to you today about ‘Setting the reform agenda in a changing global regulatory landscape’. This led to me reflect on what is a ‘changing global regulatory landscape’. Particularly, what has changed for ASIC and the Australian financial market, and what has stayed the same.
I will start by being a little controversial, and say that the environment we operate in has not changed in its fundamentals. Markets by nature will innovate, compete, and adapt to change – and regulation has evolved to keep up with innovation and change.