A speech by Tony D'Aloisio, Chairman, Australian Securities and Investments Commission to the American Chamber of Commerce in Australia (AmCham), Melbourne, 3 September 2010.
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The relationship between Australia and the United States is more profound than ever and, in the wake of the global financial crisis (GFC), a process of regulatory reassessment and change is well under way in both countries (although more so in the United States, as Australia’s regulatory system is acknowledged to have fared better during the GFC).
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Against this background, ASIC has developed a close working relationship with the US Securities Exchange Commission (SEC) and other US regulators, particularly on cooperation of cross-jurisdiction enforcement and supervisory matters.