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AAP
AAP
Adrian Black

Share market operator probed after 'serious' failures

ASX Joe Longo ASIC Australia
The corporate regulator has launched an inquiry into ASX's risk management and governance standards. (Bianca De Marchi/AAP PHOTOS)

Australia's corporate watchdog will hold an inquiry into governance and risk management at the Australian Securities Exchange after "repeated and serious" failures.

"Investors and market participants deserve to have absolute confidence that ASX is operating soundly, securely and effectively," Australian Securities and Investments Commission chair Joe Longo said in a statement.

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