Systemic risk helped scupper ASX/SGX deal

Comments (0) | 2 Jun 2011 | Rating | Print by Tim Human

Australian government discusses reasons why it blocked Singapore’s proposed merger with the Australian Stock Exchange

The takeover of the Australian Stock Exchange (ASX) by Singapore Exchange (SGX) was blocked, along with other reasons, because the deal would pose ‘systemic risk’ to the financial system, according to comments from the Australian government.

Jim Murphy, executive director of the markets group at Australia’s Treasury, told a ...

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