In a recent speech ASIC Chair Greg Medcraft indicated that ASIC and Treasury are considering the policy merits of providing regulatory backing to the industry standards being developed for disclosures relating to residential mortgage-backed securities.

Currently, there is no disclosure regime for financial products (such as RMBS and covered bonds) that are issued to wholesale investors.

ASIC is also interested in industry’s views on whether an industry disclosure standard for covered bonds should have regulatory backing.