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Industry groups and tech experts worry that proposed last-minute changes will introduce new risks Print this page
Changes proposed by Australia’s top exchange to its new blockchain-based settlement system for stocks have drawn fire from prominent sections of users, who fear that the amendments will create new risks.
Under the proposal published in February, the Australian Securities Exchange (ASX) will move to an exception-only reporting model, meaning that clearing brokers will no longer receive confirmation messages for trades that settle successfully. The overnight netting cycle will also be replaced by
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The importance of getting technology change right
04 Mar 2021
Covid-19-propelled digitisation is increasing the number of technology change projects.
Failed technology changes are more serious than other change management failures and they are likely to impact customers.
Identifying why projects fail, continuing investment and change, using cloud technology and having robust governance arrangements are all vital to reducing the number of incidents and their impact.
Having in place a robust IT or cyber risk incident response plan, including required third-party support, is essential to mitigate fallout from failed IT change management or other IT and cyber risk incidents.