Australian Securities and Investments Commission

The Australian Securities and Investments Commission (ASIC) has welcomed the Commonwealth Government's response to the final report of the ASIC Capability Review. ASIC is developing its capabilities in six high-level priority areas raised by the Panel's recommendations including on external governance and performance reporting. A key review recommendation identified that ASIC "continue to refine the performance reporting framework, including consolidating performance reporting (to ensure consistency between reporting frameworks), aligning internal performance metrics, improving the use of performance narrative, and identifying opportunities for more sophisticated analytics, particularly in relation to outcomes measures". Taking up this challenge, ASIC have been working for some time to further develop the performance metrics it uses to improve the range and precision of information it can provide publicly on its organisational performance.