ASX:ASXCapital Markets
Why ASX (ASX:ASX) Is Down 8.5% After ASIC’s A$150m Capital Charge And Governance Overhaul
Earlier this month, the Australian Securities and Investments Commission imposed an additional A$150,000,000 capital charge on ASX and ordered a sweeping governance and risk-management overhaul after finding the exchange had underinvested in resilience and operational reliability.
ASX has responded by resetting its transformation agenda, tightening board oversight of its clearing and settlement arms, and signalling lower dividend payouts as it rebuilds trust with regulators and market...