ASIC and RBA Intensify Scrutiny Over ASX Operational Risks

Mon 31 Mar 25, 01:09 AM | Team Kalkine

Regulatory Action on ASX: ASIC and RBA escalate concerns over ASX’s operational risk management following a system failure.

CHESS Breakdown Impact: December’s settlement failure led to trade settlement deferrals, prompting a downgrade of ASX’s compliance rating.

Immediate Remediation Required: Regulators demand urgent corrective measures, warning of further action if issues persist.

The Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have ramped up pressure on bourse operator ASX Ltd (ASX:ASX) over its handling of operational risk, following a major system failure in December.

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