The Australian Securities and Investment Commission's role is to:
A) ensure competition among financial companies.
B) control interest rates.
C) control inflation.
D) oversee financial market integrity.

Question

Quizplus · Accepted Answer

The best choice is D, as the Australian Securities and Investment Commission's main role is to oversee financial market integrity, including regulating and enforcing laws related to investments, superannuation, insurance, and corporate governance. A is incorrect because ensuring competition among financial companies falls under the purview of the Australian Competition and Consumer Commission. B and C are incorrect because controlling interest rates and inflation are the responsibilities of the Reserve Bank of Australia.

The Australian Securities and Investment Commission's Role Is To