12 recorded changes
Want your article here?
Promote with Leviathan NewsAustralia’s corporate regulator, the Australian Securities & Investments Commission (ASIC), has opened a formal inquiry into the Australian Securities Exchange (ASX) Group over what it describes as “repeated and serious failures” across the exchange operator’s licensed entities. The probe will focus on ASX’s governance, capability, and risk management frameworks, and on how effectively it is meeting its obligations as both a market licensee and a clearing and settlement facility licensee. The action follows mounting concerns from ASIC and the Reserve Bank of Australia (RBA) about ASX’s ability to maintain secure, stable and resilient market infrastructure after a series of operational incidents. Regulatory scrutiny intensified after a CHESS batch settlement failure on 20 December that raised questions about ASX’s management of operational risk and followed earlier technology and system upgrade problems, including a high‑profile attempt to replace its CHESS post‑trade system that was ultimately abandoned. Following announcement of the inquiry, ASX’s shares fell sharply, reflecting investor concern over regulatory, operational and reputational risk for one of Australia’s most systemically important market infrastructures. ASIC Chair Joe Longo framed the inquiry as a necessary step to restore confidence, noting that investors and market participants must be able to rely on ASX operating “soundly, securely and effectively,” while ASX has publicly committed to fully cooperating with the investigation.
AI-generated background, compiled from web sources — not editorial content.
business.hsbc ·
FT ·
optimism.io ·
biz.chosun ·
The Block ·
𝕏/@thierryborgeat ·
business.hsbc ·
FT ·
optimism.io ·
biz.chosun ·
The Block ·
𝕏/@thierryborgeat ·
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?