ASIC Chairman Greg Medcraft reiterates faith in markets, self-regulation

Australian Securities and Exchange Commission chairman Greg Medcraft says the collapse of Lehman Brothers and Bernie Madoff has not shaken his faith in markets or self-regulation.

Medcraft, who was global head of securitisation at Societe Generale before he was ASIC chairman, says the financial industry and its regulators have responded well to the global financial crises.

“The re-shaping of regulation and industry standards is happening at the present time,” says Medcraft. “It is an evolutionary process.”

The fund management industry in Australia is operating well, he says.

“Our market is operating fairly and efficiently,” says Medcraft.

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Rest Super’s selective approach to PE pays off as program comes of age

Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.

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