RBA Says ASX’s November Market Outage Due to ‘Key Shortcomings’
Gold scales displayed in the foyer of the Reserve Bank of Australia (RBA) building.
Photographer: David Gray/BloombergThis article is for subscribers only.
An independent review into the ASX Ltd.’s market outage in November has found that there were “several key shortcomings in the project,” according to a statement by the Reserve Bank of Australia and the corporate regulator.
Both the RBA and the Australian Securities and Investments Commission said there were factors that suggested the ASX trading system wasn’t ready to go live, gaps in the rigor applied to project delivery, and issues in its risk and issue management.