The Australian Securities & Investments Commission (
ASIC) will be hosting a showcase event on regulatory technology (regtech) in a bid to stimulate engagement, explore opportunities and barriers to regtech deployment, and identify potential areas for collaboration.
The event will be held on Sept. 18 in Sydney, and will tackle two key regtech topics through panel discussions, commentary from a range of experts, and floor discussion. Regtech developers and technologists will also have the chance to share existing or potential solutions in two showcase sessions:
- The future of regulatory reporting, which will focus on how new technologies can enable a more efficient and effective provision and/or access to regulatory information; and
- Understanding and meeting regulatory obligations, which will help firms understand and meet their regulatory obligations more efficiently and effectively through software and algorithms.
These sessions will focus on ASIC's regulatory framework, with reference to frameworks more generally.
“ASIC does not regulate regtech directly but we do want to promote it to improve compliance outcomes, and think we have an important role to play as a facilitator of regtech engagement within the sector,” said ASIC commissioner John Price.
ASIC said regtech helps firms build a culture of compliance, identify learning opportunities, save time and money relating to regulatory matters, and also improves compliance and outcomes for consumers. It can also potentially assist regulators in how they conduct regulatory work and engage with the industry.
Registration of interest for the ASIC Regtech Showcase will open in the coming weeks on the
Innovation Hub website, and the full agenda and program of speakers will also be made available.
Related stories:
How insurance could create global standards for cyber
Global network makes insurance sustainability push
