Published 3 days ago • Australia • Updated 2 days ago

On The Money: Operational risks at the ASX, and growing global trade tension

Summary by SBS News

The RBA and ASIC say they have deep concerns about the management of operational risks at the ASX following an incident relating to its CHESS settlement platform. SBS Finance Editor Ricardo Gonçalves speaks with George Boubouras from K2 Asset Management for his take, plus the latest on the market woes amid growing global trade tension.

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SBS News

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On The Money: Operational risks at the ASX, and growing global trade tension

3 days ago·Sydney, Australia

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Australian Financial Review

Lean Right

RBA, ASIC say they are ‘increasingly concerned’ about ASX

The regulators said the market operator was not complying with risk mitigation standards after an outage in December left investors unable to settle trades.

3 days ago·Sydney, Australia

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cybernoz.com

ASX Faces Fresh Technical Review Of Core System - Financial Services - Software - Cybernoz - Cybersecurity News

The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (ASIC) have called out the “slow” progress of improvements to ASX core systems, and demanded a technical review. The demands are part of the fallout from a December 20 incident that resulted in the delayed trade settlements. In a joint letter [pdf], the central bank and financial regulator said they “are increasingly concerned and deeply disappointed ov…

2 days ago

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Lawyerly

ASIC, Reserve Bank have 'deep concerns' about ASX after CHESS outage

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me ASX’s management of operational risk that led to December’s CHESS settlement outage has the corporate regulator and the Reserve Bank “increasingly concerned” and “deeply disappointed”. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me Lost your password? The po…

2 days ago

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FinanceFeeds

RBA And ASIC Take Action On ASX Over CHESS Settlement Failure And Operational Risk - FinanceFeeds

The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (ASIC) have taken formal regulatory action against ASX following a critical operational incident involving the CHESS batch settlement system on December 20, 2024. The incident has prompted serious concerns about ASX’s ability to manage operational risk and maintain the stability of Australia’s equities market infrastructure. “Serious issues of concern th…

3 days ago

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Finance Magnates | Financial and business news

“It Is Deeply Disappointing That Regulators Need to Take These Actions Today”: RBA Governor Slams ASX

Australian financial regulators have taken unprecedented action against the country’s exchange ASX following a major operational failure in its critical CHESS settlement system, highlighting growing concerns about the exchange operator's risk management capabilities.RBA and ASIC Downgrade ASX Over CHESS Settlement FailureThe Reserve Bank of Australia (RBA) has downgraded its assessment of ASX Clear and ASX Settlement's compliance with the "Opera…

3 days ago

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