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AAP
AAP
Jacob Shteyman

Bourse operator told to shape up after risk failings

The ASX has been lashed over its governance, culture and risk management processes. (James Gourley/AAP PHOTOS)

Australia's share market operator has been warned to get its act together by the Reserve Bank in a scathing report amid the bungled update of its trading settlement system.

The ASX had "considerable work to do" to meet the central bank's expectations, the RBA said as it released a report into the operator's clearing and settlement facilities on Wednesday.

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