Changing perimeter of securities regulation: The perspective from Australia

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

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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.

Read the full speech (PDF 83 KB)

Last updated: 13/05/2013 12:00