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Showing 31 - 40 of 387 results for "Clearing"

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

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... The Reserve Bank of Australia (RBA) has released a consultation paper on the proposed draft guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime. The RBA was provided with "crisis resolution powers" in response to a threat ...

ASX offloads interest in Digital Asset

MATTHEW WAI  |  FRIDAY, 13 JUN 2025
... part of a partnership that allowed the platform to receive technology consultations including the improvement of its clearing and settlement system. However, the agreement fell through due to various misalignments, leading to numerous delays before the ...

US financial market dominance can't last indefinitely: MSCI

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
... capital now, you might just be a bit cautious. There are a lot of assets that look richly valued relative to their market clearing price, and a long queue of investments that are still waiting to be made, that many institutional investors have already ...

ASX admits CHESS tech staff 'stretched'

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
... delivery of new CHESS Release 1. The new CHESS system will be implemented in two stages with Release 1 - the delivery of clearing services - targeted for March or April 2026. Release 2 - the delivery of the subregister and settlement services - is targeted ...

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... calendar days to seven business days. SMC pointed out flaws in the payment processing under the current Bulk Electronic Clearing System (BECS) banking system, which is not optimised to meet the aims of the policy. "While investment in developing the ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... cost effective and reliable." The introduction of NPP is in response to the decommissioning the current Bulk Electronic Clearing System (BECS), but many other nations run at least two payment rails - one real-time and one batch-based. The RBA suggested ...

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN  |  MONDAY, 31 MAR 2025
... the letter said. "For some time, the regulators have been raising serious concerns about operational risk at the ASX clearing and settlement facilities. These risks were realised in this major operational incident." The regulators also highlighted their ...

Treasury responds to CHESS replacement inquiry

ELIZA BAVIN  |  TUESDAY, 4 MAR 2025
... its response following the Parliamentary Joint Committee on Corporations and Financial Services report, Competition in clearing and settlement and the ASX CHESS Replacement Project: The CHESS Replacement Project is too important to fail, which examined ...

SEC drops civil enforcement case against Coinbase

ANDREW MCKEAN  |  MONDAY, 3 MAR 2025
... the buying and selling of crypto asset securities. The agency alleged that Coinbase's failure to register as a broker, clearing agency, and national securities exchange deprived investors of key protections, including safeguards against conflicts of ...

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... monopolistic practices, ASIC's new powers that mandate the ASX to be more transparent on its fees and services relating to clearing and settlements (CS) will kick in three months from now. Under the ASIC CS Services Rules 2025, the ASX will need ...