Australia’s corporate regulator has launched an inquiry into the country’s stock exchange operator over “repeated and serious failures” that it says have undermined confidence in the public markets.
The Australian Securities and Investments Commission on Monday said it would examine the Australian Securities Exchange’s governance and risk management practices after a series of mishaps including a botched upgrade to its clearing and settlements systems and a prolonged outage in the run-up to Christmas last year
Australia probes stock exchange over ‘serious failures’
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