Role of the ASX

Ten years after the idea was first mooted in Australia to establish a regulatory licensed market operator and six years after it was enacted in the Financial Services Reforms, there is still little understanding, even within financial markets, of the role of the ASX: is it a regulator; does it prudentially regulate brokers? Copyright 2008 Monash Macquarie Financial Services conference. No part of this article may be reproduced by any means without the written consent of the publisher.