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ARTICLE · 01 SEPTEMBER 2020

ASIC's Corporate Plan Persists With Its "Why Not Litigate" Approach To Enforcement

Jones Day
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Australia's corporate regulator has released its Corporate Plan, which outlines its strategic litigation goals and governance initiatives over the next four years.

United StatesFinance and Banking
Jennifer L. Chambers
Jennifer L. Chambers
Tim L'Estrange
Tim L'Estrange
Shannon Finch
Shannon Finch
John Emmerig
John Emmerig
Holly Sara
Holly Sara
Mark Crean
Mark Crean
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On 31 August 2020, the Australian Securities and Investments Commission ("ASIC") released its Corporate Plan for 2020-2024. The Corporate Plan articulates the corporate regulator's ambitious agenda, strategic priorities, and enforcement strategy.

A key area of focus is ASIC's response to the COVID-19 pandemic, in particular, its prioritization of measures which aim to protect vulnerable consumers and maintain the resilience and stability of Australia's financial system. Notably, following a temporary hiatus or easing of a number of enforcement work streams due to the pandemic, the regulator has resumed that body of work, including its implementation of the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry ("Royal Commission").

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