The FSC recognises the important work ASIC carries out to promote consumer confidence in Australia’s financial system, and believes Mr Shipton is well-placed to lead the regulator through the next phase of that journey.

FSC CEO Sally Loane said: “The FSC has a long-term and sound relationship with ASIC, which is one of the strongest regulatory regimes in the world. We look forward to continued and positive engagement focused on both maintaining and strengthening
community trust and confidence in financial services.”

The FSC also takes the opportunity to thank outgoing Chairman Mr Greg Medcraft for his significant contribution to improving consumer outcomes and industry engagement during his time at ASIC, and wishes him well in the future.

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