The challenges facing ASIC over the next decade
A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission to the Asian and Oceanian Stock Exchanges Federation 30th AOSEF General Assembly & Working Committee Meeting, 29 March 2012.
What is ASIC and what do we do?
'We are the securities and markets regulator. However, we also regulate financial products and services in general, corporations, credit, auditors and insolvency practitioners.
We are focused on three strategic outcomes, and these basically sum up our role as an organisation.
Our first strategic outcome is: confident and informed investors and financial consumers. This can be split into three parts: education, gatekeepers and consumer behaviour.
ASIC’s second strategic outcome is: fair and efficient financial markets. This can be split into three parts: market supervision, market competition and corporate governance. This outcome would be of most relevance to you.
Our third strategic outcome is efficient registration and licensing.'