A speech by Belinda Gibson, Commissioner ASIC, to the Corporate Finance World Australia 2009 conference, 10 November 2009
Introduction
My theme today is 'facilitating capital raising for corporate Australia'. I wish to focus on a number of issues within this topic. Broadly speaking, I will comment on how Australia has fared in terms of raising capital in the wake of the GFC and the capital raising methods being used. I will then provide some insights on issues that ASIC is focusing on going forward including:
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early leakage of information about a prospective raising
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the overall quality of disclosure to the market in annual reports, and
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the meaning of "clear, concise and effective", particularly now the capital markets are opening again to Initial Public Offerings (IPOs).