A/Prof. Andrew Godwin1, A/Prof. Stacey Steele1, A/Prof. Rosemary Langford1
1Melbourne Law School, The University Of Melbourne, Melbourne, Australia
Chair: A/Prof. Andrew Godwin
Like other regions around the world, the Asia Pacific region is confronting the legal challenges brought about by technology. In the area of financial services, a key issue is how to achieve an appropriate balance between regulation and innovation. This applies both to technology for the provision of financial services, known as “Fintech”, and also to technology for the regulation of financial services, known as “Regtech”. In the area of cybersecurity, a key issue is how to facilitate data management and data flows while protecting data against security risks and cyberattacks. The three papers on this panel examine three areas in which the relationship between regulation and technology is of critical importance: cybersecurity regulation in China, corporate disclosure and directors’ duties in Australia and regulatory cooperation between Australia and China in relation to Regtech. The papers examine the various ways in which regulation is meeting the challenges brought about by technology and how jurisdictions in the Asia Pacific region are converging and diverging as a result.