Ownership Matters' Dean Paastch has described proposals by prominent investment banker John Wylie to improve corporate Australia's risk culture as a "no-brainer".
ASX
ASX:ASX
The ban on dual-class shares undermines investor choice and pushes local champions offshore. It’s time to modernise and trust the market.
Once a burgeoning bourse home to companies like Sigma, SPC Ardmona and Brumby's Bakeries, not much is going on at the Sydney Stock Exchange any more.
Compliance executive Daniel Moran has said excessive regulation and the rise of private markets could both pose existential risks for the national stock exchange.
The regulator is exploring whether the shift from public to private markets is permanent, and what role our $4 trillion super sector is playing in the trend.
The essential service provider at the heart of the Australian sharemarket blindsided brokers, and even the ASX itself, with its latest cost-saving move.
The head of the corporate regulator criticised several aspects of the ASX's response and described the incident overall as “extremely concerning”.
Interest in carbon trading is rising ahead of the safeguard reporting deadline, with overseas players scaling up, posing a threat to the delayed local exchange launch.
The regulator has drawn a line in the sand as more corporate activity leaks to the market and media.
The securities regulator was alerted to insider trading allegations involving ASX staff who sold shares before the company’s technology issues were made public.
Fresh insider claims suggest the ASX's tech problems were widely known inside and outside of the company - long before they were acknowledged by it and regulators.
ASIC alleges Australia's primary exchange not only failed to keep the market informed but knowingly misled it. "The ASX is going to be an international laughing stock," said one former market official.
A 15 month ASIC investigation into a bungled technology project revealed “collective organisational failure” at the exchange operator.
The frosty sentiment towards the ASX among startups is thawing in the wake of the Guzman y Gomez IPO — just as the barriers to listing in the US get higher.