ASX boss Dominic Stevens says a damning report by the Reserve Bank of Australia forms part of the normal, ongoing engagement between the two and will result in “continuous improvement”.
But he rejects suggestions ASX is not properly focused on managing post-trade operations or investing enough to improve the critical national infrastructure which clears and settles the sharemarket.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
