A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission
Australian Financial Review (AFR) Banking and Wealth Summit (Sydney, Australia), 28 April 2015
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Introduction
Ladies and gentleman, it’s a privilege to be speaking at the AFR’s Banking and Wealth Summit – the first event in its inaugural National Policy Series.
For over 50 years, the Australian Financial Review has been a leading source of independent news and commentary on the financial sector. And, I think forums like this provide an important venue to discuss the big issues confronting our sector. I congratulate Michael Stutchbury and his team for putting this event on.
My topic today is – Harvesting the opportunities from financial innovation: How can ASIC help you? The key to harvesting these opportunities is investor and financial consumer trust and confidence.
In exploring how we do this, I would like to talk about:
- ASIC’s role in creating trust and confidence
- the challenges to trust and confidence, and
- how ASIC will respond to the challenges created by digital disruption and financial innovation.