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Showing 1 - 10 of 19 results for "ASX Settlement"

RBA says ASX has 'considerable work to do'

ELIZA BAVIN | THURSDAY, 25 SEP 2025

... comprehensive management of risks, governance, credit risk, settlement finality, and operational risk. ASX Clear and ASX Settlement continue to be rated as 'not observed' on the operational risk standard, which had been previously flagged by the RBA ...

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN | MONDAY, 31 MAR 2025

... In response, the RBA has taken the unprecedented step of reassessing the compliance of ASX Clear Pty Limited and ASX Settlement Pty Ltd with the RBA's Financial Stability Standards outside the usual annual assessment cycle. The RBA has downgraded its ...

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA | TUESDAY, 25 FEB 2025

... group: two central counterparties - ASX Clear and ASX Clear (Futures) - and two securities settlement facilities - ASX Settlement and Austraclear. The ASX has three months to prepare in the lead up to the new rules taking effect. ASIC chair Joe Longo ...

Traders left scrambling over ASX settlement outage

MATTHEW WAI | MONDAY, 23 DEC 2024

The Australian Securities Exchange (ASX) suffered another glitch last week that disrupted two days' worth of trades. The ASX said it detected a "technical issue" on its CHESS Batch Settlement last Friday, forcing trade settlements on December 18 ...

ASIC proposes cash equity clearing and settlement rules

ANDREW MCKEAN | TUESDAY, 30 JUL 2024

... counterparties - ASX Clear Pty Ltd and ASX Clear (Futures) Pty Ltd - and two securities settlement facilities - ASX Settlement Pty Ltd and Austraclear Limited.

ASX awards settlement, clearing mandate

KARREN VERGARA | MONDAY, 20 NOV 2023

... needs of the Australian market now and into the future". "It can satisfy the licence obligations of ASX Clear and ASX Settlement and is capable of supporting potential new services and innovation from ASX or other providers," the ASX said, noting that ...

Experience pathway enshrined in legislation

KARREN VERGARA | FRIDAY, 8 SEP 2023

... the clearing and settlement of cash equities traded in Australia, which is dominated by the ASX's ASX Clear and ASX Settlement. ASIC now has new rule-making power to facilitate competitive outcomes in the provision of clearing and settlement service ...

ASIC, RBA set high expectations for ASX

KARREN VERGARA | WEDNESDAY, 30 AUG 2023

... regulators. The Advisory Group, led by chair Alan Cameron, will oversee several issues incurred by ASX Clear and ASX Settlement following longstanding industry concerns over the botched CHESS replacement program. ASIC and the RBA expect the ASX to "consult ...

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI | THURSDAY, 3 AUG 2023

... Following the roundtable, ASIC said it's prepared to use a range of regulatory options to ensure that ASX Clear and ASX Settlement adhere to the regulators' expectations with respect to the advisory group. Longo said a letter penned by ASIC and ...

Review forces ASX to fix intra-group conflicts

KARREN VERGARA | MONDAY, 31 JUL 2023

... conflicting commercial interests among the parent company as a listed entity and its subsidiaries, ASX Clear and ASX Settlement, with respect to the current governance of CHESS and its long-drawn-out replacement. HSF was tasked by the Reserve Bank of ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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