Australia regulator steps up private markets focus

Australian Securities and Investments Commission chairman Joe Longo said the regulator had made private markets a “top five priority” and is engaging with market participants to examine where improvements could be made. — Bloomberg

SYDNEY: Australia’s corporate regulator has set up a specialised unit to engage with private markets over the next 12 months, amid persistent concerns about valuations in the sector.

Australian Securities and Investments Commission (Asic) chairman Joe Longo said the regulator had made private markets a “top five priority” and is engaging with market participants to examine where improvements could be made.