Very interesting article in the AFR about the ASX and the need for them to "provide confidence to the market" about its CHESS replacement project.
Article can be read here:
https://www.copyright link/companies/financial-services/asx-rejects-senator-s-call-for-review-of-chess-replacement-20200903-p55s0l
Funnily enough the ASX doesn't believe they need further oversight.
Interesting quote:
They flagged issues with ASX's consultation, governance and management of conflicts of interest as it replaces the 25-year old equities clearing and settlement system with new blockchain technology. Senator Scarr said these had "caused me grave concern".
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ASX rejects senators call for review of Chess replacement
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