US EditionAustralia’s Securities Regulator Taps Expert Trio to Probe ASX's Operations
- On June 16, 2025, a formal investigation was initiated by the regulatory body overseeing financial markets in Australia to examine the governance and risk management practices of the Australian Securities Exchange .
- The inquiry followed ongoing concerns about ASX's ability to maintain stable and secure market infrastructure, highlighted by scrapping a blockchain-based CHESS upgrade in 2022.
- A team of three financial specialists—Rob Whitfield, Christine Holman, and Guy Debelle—will evaluate ASX’s management practices, technological strengths, and risk management systems across the entire organisation.
- The ASX manages daily trades exceeding A$6 billion , and Chair David Clarke emphasized the importance of maintaining exemplary standards as part of the exchange’s risk transformation initiative.
- The inquiry aims to identify and recommend fixes for weaknesses to ensure ASX provides a stable and resilient market infrastructure for evolving Australian market needs.
14 Articles
14 Articles
Australia’s Securities Regulator Taps Expert Trio to Probe ASX's Operations
Australia’s Securities and Investment Commission (ASIC) has turned to three of the country’s most seasoned finance figures to probe the inner workings of the Australian Securities Exchange, including the exchange's doomed blockchain project.ASIC launched the inquiry on June 16 over “ongoing concerns” it and the Reserve Bank of Australia expressed about the exchange’s ability to run stable and secure market plumbing.Those concerns intensified whe…
ASX chairman David Clarke unveils board changes: Peter Nash to step down and audit and risk committee to boost oversight
A week after being lashed by ASIC, the market operator says Peter Nash will step off the board and the audit and risk committee will be split in two.
ASIC Deepens Probe into ASX’s $164M Blockchain Failure, Assembles Expert Panel
ASIC Appoints Three-Member Expert Panel to Investigate ASX Blockchain Failure The Australian Securities and Investments Commission (ASIC) has stepped forward to launch a full-scale investigation into the failed blockchain revolution by the Australian Securities Exchange (ASX), appointing a three-member expert panel to assist in determining governance and management failures linked with the collapse. Guy Debelle and Rob Whitfield are Appointed to…
ASIC Appoints Expert Panel to Investigate ASX After Blockchain Failure and Governance Concerns
ASIC Launches Probe Into ASX After Blockchain Debacle Australia’s corporate watchdog isn’t messing around. After years of high-profile stumbles—including that disastrous blockchain project—the Australian Securities and Investments Commission (ASIC) has brought in a trio of heavy hitters to dig into the ASX’s inner workings. The panel, announced Wednesday, will zero in on governance, risk management, and whether the exchange actually has what it …
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