ASIC’s Strategic Outlook 2014-15
ASIC today published its Strategic Outlook for 2014–15.
ASIC’s Strategic Outlook sets out the key risks ASIC sees to the markets it regulates, and how ASIC will respond – prioritising its tools of surveillance and enforcement.
ASIC scans the environment continually and uses the intelligence it gathers from its wide range of stakeholders. This document brings analysis of underlying trends together with the key risks to investors, financial consumers, and the sectors and participants it regulates for 2014–15.
ASIC Chairman Greg Medcraft said, ‘Being transparent about our role and priorities, the risks we see and how we will respond helps our stakeholders better understand what we achieve and why.’
ASIC has identified risks around globalisation, innovation-driven complexity, gatekeeper conduct, and the different expectations and uncertainty the public may have about what ASIC can achieve.
Mr Medcraft said, ‘Importantly, where we see non-compliance, we will act quickly and decisively through our detect, understand and respond approach.
‘ASIC is a law enforcement agency and we will take action against entities, regardless of their size or reputation.
‘At the same time, those we regulate must act in the long-term interests of investors and financial consumers to ensure that trust and confidence in the Australian financial system remains strong.’
The Strategic Outlook is available here.
Source: ASIC- ASIC’s Strategic Outlook 2014-15
