The fintech sector opportunity: ASIC perspective
A speech by John Price, Commissioner, Australian Securities and Investments Commission, 4th Annual FinTech Summit 2017, Sydney, Australia, 2 November 2017
Thank you very much for having me here today at the 4th Annual FinTech Summit 2017.
Today’s address is about opportunity – a topic regulators probably don’t speak about enough.
As a regulator, you probably expect that I spend a lot more of my time thinking about opportunity’s less lovable cousin – risk.
Regulators are, by way of nature, and legislative mandate, often more focused on risks than opportunities in the sectors they regulate.
But the financial sector is in the business of risk and reward. And so for us, perhaps even more so than in other sectors, risks are very closely intertwined with opportunities.