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Showing 31 - 40 of 58 results for "CHESS Replacement"

UniSuper rides tech tailwinds to strong returns

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2023
... UniSuper has more than $1 billion in, the ASX was the worst of the bunch with its return of -19% driven by the CHESS replacement disaster. "The replacement of the CHESS system has been a debacle from the outset, with ASX management over-promising and ...

ASIC to host CHESS replacement roundtable

CHLOE WALKER  |  MONDAY, 17 JUL 2023
ASIC has agreed to host a roundtable to discuss the ASX's CHESS replacement project, attended by industry participants of the bourse's choosing. ASIC proposed the group be independently chaired and "advise on significant strategic clearing and ...

ASX provides clarity on CHESS replacement

CHLOE WALKER  |  THURSDAY, 29 JUN 2023
... on Corporations and Financial Services, the ASX has confirmed no decisions have been made in relation to the CHESS replacement. In a letter to Committee chair Senator Deborah O'Neill, the ASX provided an update on the solution option assessment process ...

ASX lays out five-year plan to restore trust

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... is a legacy technology there is a risk that some IT assets may not be fully supported by vendors before the CHESS Replacement project is completed," ASIC said. Furthermore, ASIC sees that the growing scarcity of engineers and other technicians to operate ...

ASX CHESS lead to become chief information officer

CHLOE WALKER  |  WEDNESDAY, 24 MAY 2023
... his new role as chief information officer of the ASX. Just last year, Whiteley was selected to lead the ASX's CHESS Replacement Solution Design work, following its decision to reassess CHESS replacement project. In his new role, Whiteley will be responsible ...

ASX expands partnership program criteria

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
The Australian Securities Exchange is seeking stakeholder feedback for its CHESS Replacement Partnership Program as it updates the eligibility criteria for potential participants. The CHESS Replacement $70 million Partnership Program canvasses industry ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
The corporate and securities watchdog has commenced 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 ...

ASIC cracks down on CHESS issues

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
... rectifies its deficiencies. The External Review Special Report, due June 30, will be an independent review into the CHESS replacement project. The second additional report, P PPM Special Report, due on 29 September, will detail the ASX's frameworks ...

Assets under custody stagnant: Data

CASSANDRA BALDINI  |  FRIDAY, 10 FEB 2023
... institutional involvement in digital assets, including cryptocurrencies, and the future direction of the ASX's CHESS replacement project. "Innovation, digital asset evolution and standards remain critical to achieving efficiency in custody and investment ...

Regulators urge ASX to maintain CHESS

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... to see further uplift by the ASX with respect to its governance arrangements, Lowe added. The ASX dumped the CHESS replacement project in November, writing off approximately $255 million in investments already made. In response, ASIC said the regulators ...