Opinion: Is Australia's intensifying scrutiny of private markets justified?

There is growing debate in the financial industry about the Australian Securities and Investments Commission (ASIC) decision to establish a specialised unit to intensify scrutiny of private markets. “That is actually a major priority for us. The Commission decided just over the last couple of months that [scrutinising private markets] is a top-five priority for ASIC in the coming 12 months, and we've actually set up a specialised unit within ASIC to engage with the market," Joseph…