Core Viewpoint - The Australian Securities Exchange (ASX) must implement foundational changes in governance, culture, and risk management following a trading settlement failure, as emphasized by the Reserve Bank of Australia (RBA) [1][2][3] Group 1: Regulatory Oversight - The RBA has stated that ASX's clearing and settlement units do not meet key regulatory standards and will closely monitor improvements [1][2] - The RBA indicated that further regulatory responses will be considered if ASX fails to enhance its operations [2] Group 2: Operational Performance - ASX is currently not meeting the expectations of regulators for a critical national infrastructure operator, highlighting the need for resilient and secure clearing and settlement facilities [3] - The average daily cash market trading value for ASX in the past financial year was A$6.1 billion (approximately $4.04 billion) [4] Group 3: Recent Incidents and Responses - ASX faced criticism after deferring a day's worth of trading settlements due to a breakdown in its Clearing House Electronic Subregister System (CHESS) [5] - ASX's Chief Executive acknowledged the need to rebuild trust with regulators and mentioned ongoing efforts to improve contingency arrangements for CHESS [5][6]

An evangelical’s bank accounts were closed, helping power a political fight against "debanking." Banks cite financial risk and regulatory pressure for account closures. https://t.co/OfOwGUqttj ...

Core Insights - Apple Inc. reported a revenue of $94.036 billion for Q3 of FY2025, marking a year-over-year increase of approximately 9.63% [1] - The net profit for the same period was $23.434 billion, reflecting a year-over-year growth of about 9.26% [1] Revenue Breakdown - iPhone sales increased from $39.296 billion in the previous fiscal year to $44.582 billion, showing a growth of over 13% [1] - Service revenue rose from $24.213 billion to $27.423 billion, also exceeding a 13% increase [1] - Computer sales grew from $7.009 billion to $8.046 billion [1] - Sales of wearables, home, and accessories decreased from $8.097 billion to $7.404 billion [1] Market Performance - Revenue growth was observed across major markets, including Greater China, the Americas, Japan, and other Asia-Pacific regions [1] - Specifically, revenue in Greater China increased from $14.728 billion to $15.369 billion year-over-year [1] Challenges - CEO Tim Cook indicated that the company faced an $800 million loss in Q3 due to U.S. tariff measures, with an expected loss of $1.1 billion in Q4 attributed to tariffs [1] - Apple is also facing competitive pressures from rivals such as Samsung and Google [1] - Additionally, the company is encountering regulatory pressures from the European Union regarding its business operations [1]