Asic probe piles pressure on ASX to deliver Chess replacement
But market insiders think late intervention by regulators could even slow down implementation.
Market participants are concerned that the Australian Securities Exchange will encounter further setbacks rolling out a replacement for its equities settlement system, following the launch of a new investigation by the Australian Securities and Investments Commission (Asic).
The Australian regulator has commissioned an expert panel to assess operational failures at the ASX, but three sources think the intervention comes rather late in the day, and could even further delay the long-awaited
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