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Australia probes stock exchange over ‘serious failures’

15 June 2025
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Australia probes stock exchange over ‘serious failures’
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The Australian Securities and Investments Commission (ASIC) has initiated an inquiry into the Australian Securities Exchange (ASX) due to significant failures in governance and risk management, including a problematic systems upgrade and a major outage. Shares in ASX dropped 6% following the announcement, and ASIC may mandate changes in leadership as it seeks to restore market confidence amid ongoing scrutiny of the stock exchange’s performance.

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