ASX risk management still not up to scratch, says RBA
Australian central bank says exchange has “considerable work to do” after Chess settlement incident
The clearing and settlement facilities of the Australian Securities Exchange (ASX) have failed to meet the expectations required of a critical market infrastructure operator, the country’s central bank has said.
The Reserve Bank of Australia said in a statement on September 24 that the facilities had “considerable work to do” if they were to improve. It added that the ASX “must make foundational changes to its governance, culture and risk management processes”.
The criticism was highlighted in the
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