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Beware the 'power of the crowd': Medcraft

The future regulation of financial services will depend less on “black letter law” and more on the vocal demands of a digitally switched-on public, says ASIC chairman Greg Medcraft.

Beware the 'power of the crowd': Medcraft
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Speaking at the Thomson Reuters Australian Regulatory Summit in Sydney yesterday, ASIC chairman Greg Medcraft drew a distinction between the legal licence to provide financial services and the ‘social licence’.

Read the full story at InvestorDaily.

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