A speech by ASIC Chairman, Greg Medcraft, delivered to the Asian Financial Forum, Hong Kong, 14 January 2013
Introduction
What are the major challenges for regulators to maintain investors’ trust and confidence in the financial system? What else should we do to further enhance the resilience of the global financial system?
I will be short and to the point in answering the questions posed.
I see three major challenges for regulators to maintain trust and confidence in the financial system:
- structural change
- ongoing financial innovation, and
- continued globalisation of markets and products.