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ASIC chair Joe Longo says the ASX is at risk of new enforcement action or further licence conditions, after a “serious failure” led to an unprecedented and damaging settlement outage at the exchange late last year.

Insignia has granted suitor Bain Capital limited due diligence after the PE firm matched rival CC Capital’s offer for the wealth manager.

The Albanese government will acquire a $50m stake in Rex in the absence of other buyers, to ensure the regional airline continues to operate.