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Showing 11 - 19 of 19 results for "ASX Settlement"

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
... an investigation into the ASX's botched CHESS replacement program. The ASX, its subsidiaries ASX Clear and ASX Settlement, and responsible directors and officers are under scrutiny for their role in failing to replace the settlements system and the ...

Regulators urge ASX to maintain CHESS

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... Meanwhile, the RBA issued a letter of expectations to the boards of ASX Limited and its affiliates ASX Clear and ASX Settlement regarding the current CHESS and its replacement. This supplemented a joint letter of expectations ASIC and the RBA issued ...

ASIC enforces licence conditions on ASX

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
... have been imposed on the market licence of ASX Limited, and the clearing and facility licence of ASX Clear and ASX Settlement. The conditions on the market licence address underlying issues in ASX operations that led to the outage in November 2020 and ...

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... new system. ASIC and the RBA are co-regulators of licensed clearing and settlement facilities, with ASX Clear and ASX Settlement both required to ensure that their services are provided in a fair and effective way. "ASIC believes the Australian financial ...

ASX director retires

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... will also remain a director of the exchange's intermediate holding companies, ASX Clearing Corporation and ASX Settlement Corporation. Warne is currently the chair of Macquarie Group, a role which he has held since 2016 having served as a director ...

Former Challenger executive joins ASX board

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... a director on our subsidiary clearing and settlement boards, including as Chairman of ASX Clear Pty Limited and ASX Settlement Pty Limited, the licensees for our cash equities clearing and settlement facilities." Woods was formerly the chief executive ...

Custody sector hits $3 trillion

KARREN VERGARA  |  THURSDAY, 2 MAR 2017
The custody and administration sector grew 5.2% between June and December 2016, the latest figures from the Australian Custodial Services Association show. Assets under custody (AUC) for Australian investors reached $3 trillion for the first time, with ...

Instinet granted clearing membership

MICHAEL HOBBS  |  THURSDAY, 29 JAN 2009
Instinet Australia Clearing Services has broken into the Australian clearing house market after gaining an ASX Settlement and Transfer Corporation membership. The membership has allowed the firm to clear and settle client trades locally for the past ...

Bell Financial Group to buy Tricom

RUTH LIEW  |  TUESDAY, 19 FEB 2008
... Financial Group said in a statement. Tricom first dominated national headlines when the firm failed to meet an ASX settlement deadline last month, prompting a surge in margin calls when the firm botched settling stock market trades on January 29. The ...
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