RBA says ASX clearing facilities still fall short in key areas despite progress
AUSTRALIA’S central bank said on Wednesday (Sep 23)) that ASX’s clearing and settlement facilities still failed to meet its expectations in “several...
The Reserve Bank of Australia (RBA) revealed on Wednesday that Australia's Securities Exchange (ASX) clearing and settlement facilities still fall short of the central bank's expectations in several crucial areas, despite making progress throughout the year. The assessment conducted by the RBA in 2026 pointed out that one or more facilities only "partly observed" the requirements related to governance, comprehensive risk management, credit risk, and operational risk.
ASX had initiated a Transformation Portfolio during the year to tackle deficiencies in governance, capability, culture, and risk management. RBA Assistant Governor (Financial System) Brad Jones explained that ASX is experiencing significant organizational changes to address long-standing issues. The assessment highlights that, although there has been progress during the year, ASX is still not meeting the RBA's expectations in multiple important areas.
ASX acknowledged the release of the RBA's assessment since abandoning its blockchain-based Chess replacement project in 2022.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
