To enable forward-looking regulation and to be a responsive regulator requires connection. Improved engagement and listening to the perspectives of others helps us to understand better risks posed to the financial system, as well as helping households and businesses to understand our approach to policy and regulation.
Regulation is about supporting positive outcomes Next, and to state the obvious, it is important that leaders are clear about the outcomes they want to achieve. In my view, regulation is about supporting positive outcomes. Regulation should follow six principles.