Regulatory Alerts2026-05-21
ASIC Research Highlights Australia's Position in Financial Innovation
The Australian Securities and Investments Commission (ASIC) released research conducted by the Digital Finance Cooperative Research Centre demonstrating that Australia is well-positioned to harness the surge in financial technology and RegTech innovation. ASIC Chair Joe Longo emphasized the regulator's commitment to supporting responsible innovation through a principles-based approach, the Innovation Hub, and the Enhanced Regulatory Sandbox to ensure consumer protection and market integrity. This strategy aims to boost productivity and economic growth while maintaining safe and responsible adoption of emerging technologies like artificial intelligence in the financial sector.
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