US EditionAustralia Probes Stock Exchange over ‘Serious Failures’
- The Australian Securities and Investments Commission will investigate the Australian Securities Exchange over risk management and governance issues amid concerns about market stability and security.
- ASIC's inquiry will include technical failures that are believed to stem from broader governance issues.
- ASIC chair Joe Longo stated that the inquiry aims to help the ASX 'bolster market trust' following several 'failures.'
- ASX chairman David Clarke acknowledged the ASIC inquiry and emphasized the need for improvement in culture and operational risk management.
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ASX Sells Stake In Digital Asset For $57 Million, ASIC Launches Inquiry - FinanceFeeds
ASX has completed the sale of its entire shareholding in Digital Asset Holdings, LLC for approximately $57 million. The transaction, finalized on June 13, will be reflected in ASX’s financial results for fiscal year 2025. The sale generates a pre-tax gain of about $42 million relative to the carrying value of the investment on ASX’s books. The gain will be recorded directly in the asset revaluation reserve in equity, consistent with the accounti…
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Total News Sources13
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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