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The Reserve Bank of Australia published its 2026 assessment of ASX clearing and settlement facilities on 23 September. It found that one or more facilities partly observed standards covering governance, comprehensive risk management, credit risk and operational risk.

The RBA said ASX had strengthened resourcing and contingency arrangements for its CHESS system after a December 2024 settlement incident. This led it to upgrade ASX Clear and ASX Settlement from “not observed” to “partly observed” on operational risk. The upgrade reflected specific CHESS improvements, not a broad finding that ASX’s wider operational-risk management had improved.