ASIC launches Inquiry into ASX

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    https://asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-103mr-asic-launches-inquiry-into-asx/

    ASIC today announced an Inquiry into Australian Securities Exchange (ASX) group, focusing on governance, capability and risk management frameworks and practices across the group.ASX plays a critical role in Australia’s financial markets. ASIC and the Reserve Bank of Australia (RBA) have ongoing concerns over ASX’s ability to maintain stable, secure and resilient critical market infrastructure.ASIC’s Inquiry will be led by an expert panel that will make recommendations to address any identified shortcomings or deficiencies. ASIC will publish a report of the outcome of the Inquiry, which will inform the next steps it may take.ASIC Chair Joe Longo said, ‘ASX operates Australia’s critical markets infrastructure. Investors and market participants deserve to have absolute confidence that ASX is operating soundly, securely and effectively.‘ASIC’s decision to initiate an Inquiry follows repeated and serious failures at ASX.‘ASX is ubiquitous, you simply cannot buy and settle on the Australian public equities and futures markets without relying on ASX and its systems.‘The Inquiry provides an opportunity for ASX to bolster market trust.‘The Chairs of the ASX entities, members of the Board, and CEO and CRO have assured me ASX will fully cooperate with the Inquiry and ASIC welcomes this cooperation,’ Mr Longo said.ASIC will discontinue its investigation of the 20 December 2024 CHESS Batch Settlement failure. Consideration of this incident will form part of the broader Inquiry.While this Inquiry is underway, it is critical ASX continues to prioritise the safe and efficient operation of its infrastructure, including progress towards Release 1 of the CHESS replacement project in mid-2026.

 
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