Australia’s Securities and Investment Commission (Asic) has approached three of the country’s most experienced finances to investigate the inner work of the Australian Safe Authority, including the death -convicted blockchain project.
ASIC launched the study on June 16 on “ongoing concerns” and Reserve Bank of Australia expressed about the ability of the exchange to run stable and secure market plumbing.
These concerns were intensified as ASX scrapped a blockchain-based upgrade to its chess-shooting engine in 2022, forcing a precious reset and drawing political heat. ASIC later sued ASX to give misleading statements about the project.
Rob Whitfield, a former Westpac Chief Risk Officer and now a Commonwealth Bank Director, President of Asics Panel. Participation in him is Christine Holman, who sits on the boards of Utility Agl and restaurant operator Collins Foods, and Guy Debelle, a Reserve Bank of Australia’s former Deputy Government.
The trio will inspect ASX’s governance, technical capacity and risk control and recommend corrections to any weak spots.
Their short stretches all over the ASX group that handles more than $ 6 billion dollars (3.92 billion dollars) You shop every day.
Read more: Australia’s Securities Control Superior Supervisory ASX for misleading statements about Blockchain project
