A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission at the Salzburg Global Forum on Finance in a Changing World (Salzburg, Austria) 28 June 2016
Introduction
I will speak briefly about liquidity and the ongoing debate on the state of liquidity in markets. I want to make a few comments on the current concerns, and also on the longer term concern that exists.
We all know that liquidity in securities markets is central to a well-functioning financial system. It is key to investor trust and confidence that securities markets are seen as positive channels for investment and savings. In turn, with this trust and confidence, securities markets can be a sustainable source of funding for the real economy.