½ñÈÕÈÈÃÅʼþtoday published its Strategic Outlook for 2014–15.
A new initiative, the Strategic Outlook sets out the key risks ½ñÈÕÈÈÃÅʼþsees to the markets it regulates, and how ½ñÈÕÈÈÃÅʼþwill respond – prioritising its tools of surveillance and enforcement.
½ñÈÕÈÈÃÅʼþscans 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.
½ñÈÕÈÈÃÅʼþChairman 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.’
½ñÈÕÈÈÃÅʼþhas identified risks around globalisation, innovation-driven complexity, gatekeeper conduct, and the different expectations and uncertainty the public may have about what ½ñÈÕÈÈÃÅʼþcan achieve.
Mr Medcraft said, ‘Importantly, where we see non-compliance, we will act quickly and decisively through our detect, understand and respond approach.
‘½ñÈÕÈÈÃÅʼþis 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.’
Download
Background
As part of its focus on improving its transparency and communications, next year ½ñÈÕÈÈÃÅʼþwill publish a more detailed risk outlook as well as its strategic plan.