Here’s one for the history buffs. Australian Securities Investments Commission chairman Joe Longo will preside on Wednesday over the 1000th meeting of the commission. The milestone arrives at a fascinating moment in Australian economic history and for the corporate watchdog itself.

Somewhere towards the top of the agenda of that meeting will be ASIC’s upcoming discussion paper on the seismic changes occurring across the Australian financial system, which appear to have stunted the growth of public markets and turbocharged the development of private ones.