Greg Medcraft

Policy and Regulation

Industry bodies react to proposed changes to ASIC’s funding

Industry bodies have given mixed reactions to the Assistant Treasurer’s issuing of a consultation paper which is seeking stakeholders’ views on changing the financing of the Australian Securities and Investments Commission (ASIC) to an industry funding model. The new model would be based on the Government’s Cost Recovery Guidelines where the cost of regulation would […]
Policy and Regulation

Mark Delaney urges fund managers to sign CFA code

AustralianSuper has publicly endorsed the CFA’s Asset Manager Code of Professional Conduct, as part of a bid to get the code more widely adopted by fund managers. The code outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients and is an attempt to get uniformity of basic standards worldwide. […]
Investment Strategy

ASIC predicts cyber-crime benchmarks for all

Financial services firms should be able to state their level of cyber security in line with international benchmarks, according to Greg Medcraft, chairman of the Australian Securities and Investment Commission (ASIC). Medcraft, speaking at a forum at the Bloomberg offices in Sydney, said it was no longer acceptable for organisations to communicate their level of […]
Investment Strategy

Fund disclosure report set for June: Pauline Vamos

The Association of Superannuation Funds of Australia Ltd. will meet with the Financial Services Council this month or next to begin formulating a joint position on how much of Australia’s $1.8 trillion fund management industry’s investments should be disclosed. ASFA and the FSC plan to submit their final report on fund disclosure to regulators by […]