The Australian Securities and Investments Commission (ASIC) has revealed a five-point agenda to respond to current investment market turmoil.

ASIC commissioner Belinda Gibson revealed the shortlist at last week’s IFSA annual conference.

The regulator will focus on managed investment schemes and the disclosure of risk; credit ratings agencies; listed investment vehicles; audit and accounting issues around valuation methods and complicated financial asset disclosure; and market surveillance of illegal trading.

Ms Gibson says ASIC is working with Treasury to review credit ratings agencies and recently held roundtables with agencies as well as industry groups, research houses and consumer groups around credit ratings.

Credit ratings agencies have come under increased scrutiny lately after the subprime mortgage crisis took down many A-rated stocks.