Business
ASX ordered to take a good look in the mirror
The investments regulator has kept the heat on ASX Ltd (ASX: ASX) for its 16 November systems crash, ordering it to conduct an independent review.
Australian Securities and Investments Commission (ASIC) continues to assess whether ASX is fit to hold its share market licence.
In a sign that this assessment is not casting the best light on the company, ASIC and the Reserve Bank of Australia have notified ASX that it should perform an independent review within the next 6 months.
The concern for ASX holding the market licence is whether it “has sufficient financial, technological and human resources to operate its markets”.
Critics have pointed to the virtual monopoly the company enjoys, citing that it provides no incentive for…
-
Business12 hours agoHow to choose your first ASX ETF
-
Business23 hours agoThe best ASX ETFs to buy for long-term wealth building
-
Business15 hours agoAged 30 and earning an average wage? You’re now set up for retirement. Here’s how
-
General21 hours agoAustralia’s mental health plan ‘not fit for purpose’ and must be re-designed, new report finds