No more regulation says ASX
Maurice Newman, chairman of Australian Stock Exchange, has questioned the need for further sharemarket regulation, claiming that the continuous disclosure approach creates better corporate governance.
Mr Newman was speaking at the ASX's AGM in Brisbane, where he said that those calling for more regulation should think about it carefully, with a risk that Australia's well-functioning markets could be sacrificed for an illusion of improved governance.
Mr Newman claimed that continuous disclosure arms investors with all the information they need to make informed decisions. To make sound judgments, investors must receive “timely and reliable” information, he said.