[World Corporate Law News] ASIC Market Competitiveness Push
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- Last Updated on 2 July, 2026
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Editorial Team – [2026] 188 taxmann.com 4 (Article)
World Corporate Law News provides a weekly snapshot of corporate law developments from around the globe. Here’s a glimpse of the key corporate law update this week.
1. SECURITIES LAW
1.1 ASIC pushes for coordinated action to strengthen competitiveness of Australian markets
On June 30, 2026, the Australian Securities and Investments Commission (ASIC) brought together market and financial services leaders in a push to bolster competitiveness in Australia’s capital markets, after new research found that Australia needs to move quickly or be left behind as other jurisdictions adopt financial market innovation at speed.
The roundtable is the next step in ASIC’s work on promoting dynamism in Australia’s public and private markets. Building on ASIC’s work, alongside the RBA, in supervising transformation in Australia’s critical national market infrastructure, ASIC is leading the first in a series of discussions that bring together senior leaders and principals across the public and private sectors. Their focus is on considering practical ways to strengthen and modernise Australia’s capital markets, matching innovation opportunities with growth opportunities and capital needs.
The Innovation in Financial Markets and Financial Market Infrastructure report (REP 835), prepared by the Digital Finance Cooperative Research Centre (DFCRC) for ASIC, shows financial markets are increasingly becoming more automated, compressing settlement cycles and enabling extended hours in traditional markets, supported by technology developments.
Against the backdrop of accelerating globalisation of capital flows and offerings, this innovation is enabling new market models and blurring lines between digital-first and established financial services players. It raises new implications for capital markets as agentic AI, machine-speed autonomous trading, and supervisory tools enter the hands of traders, market participants, and market operators.
ASIC Commissioner Simone Constant said, ‘The core of ASIC’s mission is to facilitate and improve Australia’s financial system, and to promote confident and informed participation in that system. Ensuring that Australia’s financial markets remain competitive and efficient is central to that mission.
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