13 May 2022 - Our Lunch Date with Regulator Leaders
We attended Finsia’s recent ‘The Regulators’ event, during which senior executives of the Reserve Bank of Australia, APRA, ASIC and AUSTRAC shared insights and highlighted their priorities for the coming year.
We gained greater understanding of how well they collaborate with each other and identified some common themes:
- Regulating and licensing crypto
- Offering guidance on cyber resilience and information security
- Staying on top of developments in climate-related matters
- Reforming operation of and access to Australia’s payment system
- Ensuring easy and meaningful data collection and sharing
- Striking a balance between fostering innovation and driving good customer outcomes
- Facilitating regulated entities’ raised awareness of and compliance with their regulatory obligations.
Far from being the responsibility of specific departments, the regulators agreed that senior management needed to be involved in their organisation’s handling of all these issues.
Available transcripts from the event:
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