A presentation by ÷ÈÓ°Ö±²¥ Commissioner Belinda Gibson to the Company Directors Conference, 11 June 2009
Outline
I think today's session can be paraphrased as "Where are the Regulators going to take us now in response to the Global Financial Crisis?", or perhaps – "Where are the Regulators going to make us go?".
I propose to outline ÷ÈÓ°Ö±²¥'s major post GFC regulatory responses that are most relevant to you as company directors.
I will start with a necessarily (and assuredly) brief review of our economic position, relative to the other major economies. That's a pretty good story. That will lead to a discussion of the fundamental regulatory structure questions that are being faced overseas.
Then I will pick up the specific initiatives we are working on, first with the overseas regulators and then specifically in our own markets. The objective of all ÷ÈÓ°Ö±²¥'s work is to restore confidence in the markets, so investment and lending can resume.