Australia’s big bourse agrees to regulator’s medicine

Australia’s stock exchange operator will have to hold an additional $150 million in capital after an expert panel found failings in its governance, risk management and culture. The local securities exchange, which has a market value of $11 billion, has also agreed to a series of reforms as part of an agreement with the Australian Securities and Investments Commission revealed on Monday.An inquiry began after a series of embarrassing events for the bourse, including a December 20, 2024, settlement failure ca ...