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Regulator Investigates Australian Securities Exchange

  • ASIC announced an investigation into the Australian Securities Exchange (ASX) on June 16 due to concerns about its financial infrastructure stability.
  • Three financial experts have been appointed to review the ASX's governance, risk controls, and system resilience.
  • The scrutiny heightened following the ASX's cancellation of a blockchain upgrade to its CHESS settlement system, leading to delays and legal action from ASIC.
  • The investigation aims to hold the ASX accountable for how it manages technological shifts and could impact its future approach to innovation and oversight.

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