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A narrow window to change the fortunes of the ASX

The cost and regulatory burden of a public listing is driving companies and investors into the arms of private capital. The ASX needs to fix itself.

Peter Swan and Dimitri Burshtein
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The appointment of David Clarke as chairman-elect of the Australian Securities Exchange is a chance to reset for a once venerable and pioneering Australian institution.

The ASX has recently started to describe itself as “standing at the heart of Australia’s financial markets”. Clarke’s appointment is an opportunity to avoid heart bypass surgery. Possibly the last opportunity.

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Peter Swan is emeritus professor of finance at UNSW Business School.
Dimitri Burshtein is a principal at Eminence Advisory.
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    Original URL: https://www.afr.com/policy/economy/a-narrow-window-to-change-the-fortunes-of-the-asx-20240930-p5kei0