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Event Date Thu Feb 24 EST (in 29 days)
Location Webinar
Region All

In the first instalment ‘Demystifying Conduct Regulation and Supervision’, Liz Hristoforidis, Director, Regulatory Insights and Engagement at Ashurst Risk Advisory, will discuss how ASIC sets its priorities, what those priorities are, and most importantly, how they might affect members and credit licensees.

Tune in to hear how evidenced-based oversight frameworks can be set up to help institutions identify and resolve systemic issues proactively with ASIC and in a way that is aligned with community and stakeholder expectations. As ASIC is seeking to identify problems earlier and to address them more quickly, Liz will explore how ASIC seeks to balance the competing interests of its stakeholders in the execution of its role and in the context of ASIC's:

• focus on how non-financial risk is, and ought to be, managed as a core aspect of conduct regulation and supervision
• use of the broad suite of tools available to it, to both promote positive behavioural change for better consumer and investor outcomes, and
to deter misconduct
• emphasis on a data-driven approach using data derived from the new breach reporting regime, as well as complaints and product design
and distribution data
• heightened focus on the accountability of Board directors and executives.

Liz Hristoforidis is a regulatory expert with extensive experience over two decades at ASIC, where she worked in almost all of its domains—from licensing to policy development, supervision to enforcement, and strategic planning and performance reporting to regulatory transformation. Before joining Ashurst's Risk Advisory Practice in July 2021, Liz helped establish ASIC's institutional supervision approach, and led the supervisory teams responsible for the 'close and continuous monitoring' of two of the Big 4 banks and another major institution.