The former ASIC chairman is returning to Australia in August after more than three years in Paris and says regulators need to prepare for disruption by blockchain.
Medcraft expects “decentralised finance” to emerge over the next decade, creating a parallel financial system operating on the internet. David Rowe
When Greg Medcraft left Australia in November 2017, the then prime minister Malcolm Turnbull hadn’t yet called the banking royal commission.
As the nation’s major lenders and regulators faced the excoriating inquiry and its fallout, the former Australian Securities and Investments Commission chairman was far away, ensconced at the Organisation for Economic Co-operation and Development in Paris.
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Original URL: https://www.afr.com/companies/financial-services/greg-medcraft-s-warning-from-the-blockchain-revolution-20210723-p58c9g
