world-economy

ASX Receives Regulatory Backing to Overhaul Transformation Strategy

Australia's stock exchange secured approval from the Reserve Bank and financial regulators to restart its market modernization program. An independent review identified systemic compliance and risk management weaknesses that posed potential risks to Australian financial markets. Regulators determined that a comprehensive reset of the transformation agenda was necessary to address these gaps and strengthen the exchange's operational framework. The RBA and relevant authorities have committed support for the revised strategy going forward.