Opening address by Greg Medcraft, Chairman, ½ñÈÕÈÈÃÅʼþ to the ½ñÈÕÈÈÃÅʼþAnnual Forum 2014, 24 March 2014.
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Overview of the Annual Forum agenda
The theme for this year’s ½ñÈÕÈÈÃÅʼþAnnual Forum is ‘regulating for real people, markets and globalisation’.
We have chosen this theme in light of recent innovations and structural change in our financial system, in particular:
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the growth of market-based financing and superannuation
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a renewed focus on behavioural science
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and finally and most importantly, the changing landscape resulting from digitisation of the economy and globalisation.
The Forum will consider how best to regulate for:
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real people, who will not always act rationally
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financial markets, to maximise their potential to fund economic growth while mitigating the risks (particularly systemic risk), and
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facilitating global capital flows.