The impact of FSR on the regulatory culture of ASIC
A speech by the Deputy Chair of ASIC, Jeffrey Lucy, to the 7th Annual Conference of the Australian Compliance Institute, Sydney, 5 September 2003
Thank you for this opportunity to share with you our views on the culture of regulation and how we see our internal behaviour changing as a result of Financial Services reform.
I'd like firstly to touch on the current regulatory approach and offer general views on compliance. I will then look at how we see our approach and behaviour changing to meet the demands of FSR reforms, going forward.