An address by Ian Johnston, National Director, Financial Services Regulation, ASIC, to the Financial Planners Association (FPA) Conference, 9 December 2000.
Thank you for the opportunity to address you this morning.
Today I will be looking at the ways in which ASIC delivers to consumers, industry and government a relevant and effective regulatory regime.
Do you remember when people wrote letters by hand and waited a week or two for the reply?
Do you remember checking your account balances inside the branch, visited the insurance office or queued to pay bills? Well the times they-are-a-changin and the way we do business today is changing too. It is now almost a cliché that we are in a 'New Economy', a New Economy shaped by huge advances made in information technology and its applications.