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Australian central bank blasts ASX for trading settlement failures
Yahoo Finance·2025-09-24 02:25

By Scott Murdoch SYDNEY (Reuters) -The Australian Securities Exchange must make "foundational changes" to its governance, culture and risk management after last year's trading settlement failure, the country's central bank said on Wednesday. The Reserve Bank of Australia also warned ASX's clearing and settlement units still fall short of key regulatory standards and pledged to monitor progress closely. The central bank, which has oversight of the clearing and settlement systems, said in a statement fo ...