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MEASURING REGULATION AND REGULATORY PERFORMANCE: BENCHMARKING THROUGH KEY PERFORMANCE INDICATORS
Author(s) -
O'BRIEN JUSTIN
Publication year - 2008
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/j.1759-3441.2008.tb00442.x
Subject(s) - benchmarking , commission , business , agency (philosophy) , function (biology) , key (lock) , investment (military) , ethos , accounting , industrial organization , finance , marketing , political science , ecology , philosophy , epistemology , evolutionary biology , politics , law , biology
The Australian Securities and Investments Commission has embarked on a strategic mission to ‘embed’ business integrity. Five key priorities have been identified: (1) a focus on outcomes; (2) the development of initiatives to help retail investors manage and protect wealth; (3) the introduction of new investigative techniques to reduce systemic problems; (4) the reduction of red tape in the administrative function; and (5) the facilitation of inward and outward investment. These are enveloped within a wide‐ranging strategic review. The review may succeed in reconstituting the parameters of capital‐market regulation. Its success, however, will be dependent on whether the agency can align the ethos of market participants with its conception of integrity.