Reported about 8 hours ago
Australia's corporate regulator is exploring regulatory responses following a critical outage of the ASX's CHESS clearing and settlement system last month, which they deemed disappointing for the market. ASIC is collaborating with the Reserve Bank of Australia to assess the incident's impact and future preventative measures. ASX plans to reimburse affected traders A$1 million while facing scrutiny for previously halting a blockchain-based system upgrade and is also dealing with a lawsuit for allegedly misleading the public about the situation.
Source: YAHOO