Australia’s Securities Regulator Taps Expert Trio to Probe ASX’s Operations

Australian Securities and Investment Commission (Asic) turned to three of the most experienced financial data in the country to probate the internal functioning of the Australian stock exchange, including the Blockchain project on the stock exchange.

ASIC launched a survey of June 16 due to “continuing concern” IT and Reserve Bank of Australia expressed the ability to operate stable and safe plumbing on the market.

These fears were intensified when ASX eliminated a blockchain -based upgrade upgrade on its chess engine in 2022, forcing costly resetting and drawing political heat. Asic later sue asx over misleading project statements.

Rob Whitfield, the former WestPac leader and now the director of the Commonwealth Bank, will be chaired by the ASIC panel. It was joined by Christine Holman, sitting on the UTILITY AGL and Collins Foods restaurant operators, and Guy Debelle, a former representative of Governor of the Australian Reserve.

The trio will inspect the Asx management, the technical ability and risk control and recommend repairs for all weaknesses.

Their shorts stretch across the entire ASX group that Handles more than $ 6 billion ($ 3.92 billion) In stores every day.

Read more: The Australian Securities Regulator sues Asx for a misleading statement of the blockchain project