How Australia is losing the equity market war

News Snapshot:

The bi-partisan findings of this committee, which is chaired by Labor Senator Deb O’Neill, ought to be a reform blueprint for ASX’s three regulators, the Australian Securities and Investments Commission, the Reserve Bank of Australia and the Australian Competition and Consumer Commission. But this columnist suspects ASIC, the RBA and the ACCC will hold off using their new pro-competition powers and just allow the ASX to get on with the job of fixing CHESS given how important it is to have a stable platform for equity capital formation. Then again, the mood in some quarters of equity capital markets is...