Performance and review
ASIC capability review
The Financial System Inquiry (FSI) recommended that the financial regulators undergo periodic capability reviews to ensure that they have the skills and culture to be effective in an environment of rapid change. In July 2015, ASIC became the first regulator to undergo a review. The ultimate goal of the ASIC Capability Review was to ensure that ASIC had the skills and culture to effectively fulfil the enhanced role which the FSI had laid out for ASIC in its report.
For more information on the review including ASIC's response and implementation plan, visit ASIC capability review.
Regulator Performance Framework
The Regulator Performance Framework provides common performance measures to assess how Commonwealth regulators operate. The Framework is designed to assess only one aspect of a regulator's performance—the extent to which it minimises regulatory burden in the course of fulfilling its other activities.
For more information on the Framework including key performance indicators, visit Regulator Performance Framework.