ASIC launches hard drive for hard data
The Australian Securities and Investments Commission (ASIC) has published a new data strategy outlining how it plans to capture, share and use data over the period 2017 to 2020.
Chair of ASIC, Greg Medcraft said the strategy would assist the Commission's transition into a more data-driven and intelligence-led organisation.
Mr. Medcraft said the strategy outlined a number of data initiatives that had been completed or would be put in place over the next three years.
He said these included the creation of a Chief Data Office; the establishment of a number of frameworks and bodies aimed at strengthening data governance; ensuring cyber resilience and privacy protection; and the establishment of a data science laboratory.
“Our data strategy outlines how ASIC will improve the way we capture, share and use data (and) the intelligence and insights we derive from analysing our data will give us a better understanding of the regulatory environment.”
He said this would enable ASIC to detect, understand, respond appropriately and ultimately contribute to the financial well-being of everyone.
“The strategy is part of the One ASIC approach, which is aimed at utilising data to connect the dots to achieve better regulatory outcomes through people, processes, technology, culture and governance,” Mr Medcraft said.
The Commission's 17-page strategy can be accessed at this PS News link.
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