Harmonisation will always be elusive, says Asic commissioner

Australian securities regulator balances international standards with national rules


It's not been easy being a securities regulator in the aftermath of the global financial crisis. The world remains nervous about repeating the mistakes of the past, or making a whole set of new ones in a financial landscape that is constantly shifting. As Cathie Armour, one of three commissioners at the Australian Securities & Investments Commission (Asic) puts it, the challenge has been not only to tidy up after the last crisis, but also to try and spot where the next one might be coming from.

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