ASX Fails to Meet Clearing, Settlement Targets: RBA

The Reserve Bank of Australia (RBA) has expressed its disappointment with the Australian Stock Exchange's (ASX) performance in meeting clearing and settlement targets. The RBA stated that the ASX 'still not meeting expectations' for these facilities, as reported on Wednesday.

This is not the first time the RBA has raised concerns about the ASX's capabilities. The bank had previously expressed its dissatisfaction with the exchange's progress in this area. Despite previous warnings, it appears that the ASX still needs to improve in order to meet the required standards.