RBA issues scathing assessment of ASX’s derivatives upgrade
The Reserve Bank says there is a heightened level of risk in the ASX’s clearing and settlement platforms, warning that the sharemarket operator was too slow in disclosing problems with upgrading another core system.
In an annual report card on the performance of the ASX, which the RBA regulates alongside the Australian Securities and Investments Commission, the central bank said the “risk culture lags that of major financial institutions”.
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