Australian Securities and Investment Commission (ASIC) It has resorted to three of the most experienced financial figures in the country to investigate the internal operation of the exchange of Australia values, including the Blockchain project condemned of the exchange.
Asic launched the consultation on June 16 on “ongoing concerns” and the Bank of the Australian Reserve expressed the capacity of the exchange of executing stable and safe market plumbing.
These concerns intensified when ASX discarded an update based on blockchain to its chess settlement engine in 2022, which forces an expensive restart and caused political heat. Later, Asic demanded ASX for making deceptive statements about the project.
Rob Whitfield, a former Risk Director of Westpac and now director of Commonwealth Bank, will preside over the ASIC panel. Christine Holman joins him, who is at the Boards of the Public Services Company and the Collins Foods Restaurants Operator, and Guy Debelle, a former vice -governor of the Bank of the Australian Reserve.
The trio will inspect governance, technical capacity and risk controls of ASX and recommend corrections for any weak point.
Its brief extends throughout the ASX group, which manages more than $ 6 billion ($ 3.92 billion) In trades every day.
Read more: the Australian Stock Regulator demands ASX for deceptive statements about the Blockchain project
