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RBA tells ASX to lift its game on settlement and clearing

The ASX has been under fire after abandoning a new blockchain system and taking a A$176 writedown hit.

The ASX will keep the existing 30-year-old Chess system until at least 2032.

The Reserve Bank of Australia has urged the Australian Securities Exchange to prioritise short-term controls to “mitigate the immediate risks of ageing assets” in its assessment of ASX clearing and settlement facilities.

The RBA report assessed ASX clearing and settlement facilities against the

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Lachlan Colquhoun Tue, 10 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
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RBA tells ASX to lift its game on settlement and clearing
Australia,
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