Young people encouraging race runners
AU Energy Compliance

An Alternative to Compliance by Coercion

Alternatives to penalties are provided by the behavioural sciences, including command and control and economic instruments such as ‘nudging.’ The underlying concept is to create an environment in which individuals make choices based on nudges towards the desired state. This area is well-developed thanks to the advertising industry and, in the context of compliance, is considered to be ‘at the forefront of regulatory policy and governance.’

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Male stockbroker in formal clothes works in the office with financial market
AU Energy Compliance

ASIC’s report on regulatory technology

The Australian Securities and Investment Commission (ASIC) has published a report (Report 685) on ASIC’s Regtech initiatives during 2019-2020. We’ve spoken previously about the benefits

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