The commission is trying to strike a balance between "our commitment to encouraging innovation...without compromising on the proper regulation", ASIC Commissioner John Price said in a speech to a fintech meet-up in Perth last month.
"As technology changes over time, it is natural to experience disruptions that challenge the existing regulatory framework. And it is very important that ASIC does not stand in the way of technological change that may improve outcomes across the financial system. However, we also need to continue to target our strategic objectives to ensure good governance in the financial sector," Price said.
#RegHackDownUnder takes place from May 12 to 14. For further details: reghack.org
Source: CIO Australia
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