½ñÈÕÈÈÃÅʼþcapability review
The Financial System Inquiry 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, ½ñÈÕÈÈÃÅʼþbecame the first regulator to undergo a review. The ultimate goal of the ½ñÈÕÈÈÃÅʼþCapability Review was to ensure that ½ñÈÕÈÈÃÅʼþhad the skills and culture to effectively fulfil the enhanced role which the FSI had laid out for ½ñÈÕÈÈÃÅʼþin its report.
½ñÈÕÈÈÃÅʼþwelcomes the Government’s response to the final report of the ½ñÈÕÈÈÃÅʼþCapability Review.
This review of ASIC’s organisational capability is particularly timely. The rapid pace of change in the financial system dictates that we regularly re-assess the capabilities we need to meet future objectives and challenges. We are committed to developing our ability to improve outcomes for Australian consumers and investors, and to facilitate fair and efficient financial markets.
Further information
- Media release (16-119MR) ½ñÈÕÈÈÃÅʼþwelcomes significant reforms
- on the Treasury website.