Impacts of proposed regulatory reforms on unregulated or less regulated market segments

A speech by Tony D'Aloisio, Chairman, ASIC and Chairman, ASIC; Co-Chairman, the IOSCO Task Force on Unregulated Markets and Products Chairman, the International Joint Forum to the 35th IOSCO Annual Conference of the International Organization of Securities Commissions, 10 June 2010

Opening remarks

My brief comments to open this panel discussion deal with the 'unregulated' or less regulated market segments.

These were securities and investments markets largely left alone by regulators before the Crisis with regulators relying on market disciplines rather than intervention - in contrast to exchange traded markets which were highly regulated.

So, two years or so post Crisis, where are we? What have we learned about these markets?

I would like to make five points from the view of the only regulator on this panel – although one who was a poacher in another life and has now turned gamekeeper and whose views on free markets have evolved considerably!..

Download the speech (PDF 137 KB)

Media centre

Receive media releases

Subscribe to the email distribution by sending your name, title, organisation, email address and contact phone numbers to media.subscription@asic.gov.au.

Follow us on Twitter @asicmedia

Last updated: 02/02/2015 05:17