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Showing 11 - 20 of 139 results for "CHESS"

ASX to spend $264m to modernise tech, uplift risk management

RIDDHIMA TALWANI  |  THURSDAY, 29 JAN 2026
... brought to the forefront due to disruptions in trading in late 2024. ASX then said the glitch was a "technical issue" on its CHESS Batch Settlement, pushing trade settlements by two days. ASX suffered another outage last month which impacted the publication ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... Shield and First Guardian matters. Poor insurance claims handling, significant outage resulting from the implementation of CHESS replacement, poor quality financial reporting and increased risk appetite in the banking sector are also on its radar in ...

ASX suffers another outage

ELIZA BAVIN  |  MONDAY, 1 DEC 2025
... critical market infrastructure. The RBA pointed to recent shortcomings in risk management - particularly the December 2024 CHESS batch settlement incident - which it said highlighted that ASX must "make foundational changes to its governance, culture ...

APRA stress tests for potential ASX failure

ELIZA BAVIN  |  THURSDAY, 20 NOV 2025
... occur during a financial shock, the impacts would be exacerbated. The ASX has come under fire throughout the year for the CHESS batch settlement failure incident that occurred on 20 December 2024. Both the Reserve Bank of Australia (RBA) and ASIC lambasted ...

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... critical market infrastructure. The RBA pointed to recent shortcomings in risk management - particularly the December 2024 CHESS batch settlement incident - which it said highlighted that ASX must "make foundational changes to its governance, culture ...

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
... bullying. Halstead has also alleged the ASX failed to provide adequate resources for major projects, including the embattled CHESS replacement, and failed to listen to warnings over market outages. According to the concise statement filed in the Federal ...

ASX revenues, profits increase amid scrutiny

MATTHEW WAI  |  FRIDAY, 15 AUG 2025
... compelling." Additionally, the ASX acknowledged the growing concerns around the Clearing House Electronic Subregister System (CHESS); ASIC has commenced legal proceedings against the ASX for allegedly making misleading statements in relation to the CHESS ...

ASX chief compliance officer to step down

MATTHEW WAI  |  FRIDAY, 1 AUG 2025
... responsibilities." The exchange is being investigated by ASIC and the RBA for questionable operational risks - including the CHESS batch failure that occurred just before Christmas last year.

RBA powers deemed 'last resort' for critical financial infrastructure fallout

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... consultation. This comes as the ASX is facing immense pressure from the regulators over critical issues of the embattled CHESS system. ASIC has recently launched an inquiry into the exchange last month, with the CHESS batch settlement failure that occurred ...

ASIC appoints ASX inquiry panel

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
... ASX's questionable ability to "maintain stable, secure and resilient" market infrastructure, reflected largely by the CHESS Batch Settlement failure just before Christmas last year. Leading the inquiry, Commonwealth Bank independent non-executive ...