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Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 Opportunity from the Global Regulatory.

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Presentation on theme: "Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 Opportunity from the Global Regulatory."— Presentation transcript:

1 Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 Opportunity from the Global Regulatory Change. Ensuring Australia becomes the Asian Pacific regulatory hegemon. Brendon Ferreira 10 October 2013 1

2 Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 “Fortune favours the prepared mind” Louis Pasteur 2

3 Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 ReformOpportunity Basel III Development of domestic retail corporate bond market. Broadening Syndicated Loan Market participation. ReformOpportunity Basel III Development of domestic retail corporate bond market. Broadening Syndicated Loan Market participation. The Dodd Frank Act Regional partnering on OTC clearing ReformOpportunity Basel III Development of domestic retail corporate bond market. Broadening Syndicated Loan Market participation. The Dodd Frank Act Regional partnering on OTC clearing Foreign Account Tax Compliance Act (FATCA) Regional tax convergence Intergovernmental Agreement Short term opportunity 3

4 Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 Longer term opportunity 1.A regional regulatory strategy; 4 2.Maintain a robust and competitive domestic economy through forward focussed reforms.

5 Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 Australia becomes the Regulatory Hegemon for Asia Pacific Model Regulatory System; Developed economy in a emerging market; Gateway of investment: –Developed economy in a emerging market; –Established tax and trade treaties with Asian and OECD. Ancillary regional benefits. 5

6 Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 Australia increases involvement with international standard setters 6

7 Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 Forward focus reform 1. Regulatory Goal Setting 7 2. Independent Review Authority - Timeframe; - Growth; - International convergence and involvement; and - Development of the financial market. - Purpose: provide recommendations to parliament on regulatory reform and performance -The composition of this independent authority: regulators; academics; and industry representatives.

8 Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 Key opportunities Short term opportunities: –Deeper corporate bond market; –Development of credit as an asset class; –Regional cooperation in OTC clearing; and –Regional convergence of corporate tax laws. Long term opportunities: –Australia as a regulatory hegemon in Asia Pacific; and –Forward focus with goal setting an establishment of a Regulatory Review Authority. 8

9 Insert business unit name Insert presentation title Deloitte and Financial Services Council Future Leaders Award - 2013 Questions 9


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