A speech by James Shipton, Chair, Australian Securities and Investments Commission at the Thomson Reuters Australian Regulatory Summit (Sydney, Australia), 11 April 2018
Good morning everyone.
I have had the pleasure of speaking at the Thomson Reuters Hong Kong Regulatory Summit in recent years and am delighted to be here participating in the Australian event.
As many of you may know, I started as ASIC’s Chair a little over two months ago. My remarks today will focus on my views on the philosophy and practice of regulation generally and also explore the role of regulation in finance. In doing so, I will touch on what this might mean for ASIC’s future direction.
However, I don’t want the session title, ‘A new era for conduct regulation in Australia’, to mislead you: while I am relatively new, ASIC is not. And neither is the regulatory system it administers.
ASIC is filled with talented, strategically-minded and hard-working men and women who are in many ways the best in class at what they do.
So, my plan is to strengthen and build on ASIC’s approach, and my remarks today should give you a sense of my regulatory philosophy in trying to achieve that.