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.
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.
