ASX risk transformation plan redesign accepted by ASIC, RBA
Make us a preferred source
Make us a preferred source on Google
The news: A redesign of the ASX’s Accelerate Program, aimed at improving the bourse operator’s management of technology and operational risk, has been accepted by corporate regulator ASIC and the Reserve Bank of Australia following a review into its failings.
The context: The ASX agreed to reset its Accelerate Program by 1 July 2026 as part of its response to an ASIC inquiry’s interim report that found shortcomings in the bourse operator’s governance, capability, risk management and culture.
Consulting firm Promontory has been engaged to evaluate the delivery of the Accelerate milestone plan.
The ASX said the revised plan “will deliver an enterprise-wide approach and includes a redesign of workstreams, delivery approach and target outcomes”. It also incorporates reform actions that the ASX agreed to regarding the governance and independence of its clearing and settlement facilities.
The program reset consolidates workstreams around culture and leadership, risk transformation, operational resilience, resource sufficiency and governance.
What they said: “The reset gives us a clearer definition of success, links our activities directly to measurable outcomes and ensures the program sets the right ambition for ASX while also being aligned with regulatory expectations,” ASX interim CEO Darren Yip said.
“This is an important step in strengthening how we deliver change across ASX and should build confidence in our role as a steward of critical market infrastructure,” he said.
“Our focus now is on execution. We recognise that rebuilding trust will be achieved through embedding the transformation required, and we remain focused on implementing this plan in a disciplined and transparent way.”
The source: ASX media release
