On September 23, 2026, the Reserve Bank of Australia (RBA) reported that ASX's clearing and settlement facilities still fail to meet expectations in governance and risk management, despite progress. The RBA's assessment found one or more facilities only partly observed requirements in these areas. ASX has been under scrutiny since abandoning its blockchain-based CHESS replacement in 2022. The RBA noted ASX established a Transformation Portfolio to address deficiencies but remains concerned. The assessment follows an ASIC inquiry in June that found longstanding shortcomings. ASX acknowledged the report, and its shares fell over 1%.
We’ll perform a deep-dive analysis of all sources and publicly available external materials, then prepare a structured timeline of events, an in-depth report explaining the background and context, and multiple perspectives.