Mar 30, 10:03 PM

RBA and ASIC Raise Concerns Over ASX's Trade Settlement Practices, ASX Clear Compliance Under Review

Australia's central bank, the Reserve Bank of Australia (RBA), and the Australian Securities and Investments Commission (ASIC) have raised serious concerns regarding the Australian Securities Exchange (ASX). The RBA is reevaluating the conformity of ASX Clear and has downgraded its assessment of ASX's settlement compliance. In response to these issues, ASIC announced that ASX will hire an expert to conduct a review of its Clearing House Electronic Subregister System (CHESS). These developments come amid ongoing scrutiny of trade settlement practices at ASX, which have prompted regulatory actions to ensure compliance and efficiency in the exchange's operations.

#Australia #Reserve Bank of Australia #RBA #ASIC #Australian Securities Exchange #ASX #ASX Clear

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Sources

ForexLive@ForexLive
2 years ago
CBA expects RBA on hold this week, with a more dovish tone https://t.co/fVy2uyiVWs
Markets Today@marketsday
2 years ago
#Australia’s central bank is set to keep interest rates unchanged on Tuesday as it waits out an election campaign fought on cost-of-living issues and girds for the economic impact of a US-driven upheaval in global trade
Bloomberg Asia@BloombergAsia
2 years ago
Australia’s markets regulator and the central bank identified serious issues at exchange operator ASX related to trade settlement https://t.co/gdUInTFcvF

RBA and ASIC Raise Concerns Over ASX's Trade Settlement Practices, ASX Clear Compliance Under Review

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