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Showing 41 - 50 of 387 results for "Clearing"

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... are affected, and losses don't exceed $500. It doesn't, however, extend to breaches of client money rules or clearing and settlement regulations. The Financial Services Council (FSC), which is urging both sides of parliament to adopt a deregulation ...

ASX reports 'record' revenue for 1H25, lags in listings

MATTHEW WAI  |  THURSDAY, 13 FEB 2025
... remains "stable and robust". "We're planning for the first industry test environment for Release 1, which is for the Clearing services component of the project, to open later this month, marking a significant milestone for the project," Lofthouse said. ...

ASIC initiates ASX outage probe

JAMIE WILLIAMSON  |  MONDAY, 3 FEB 2025
... compliance with section 821A(1) of the Corporations Act 2001. This particular section of the Act looks at the obligations of clearing and settlement (CS) facilities, including how they manage systemic risks, and whether they have sufficient resources ...

MUFG Pension & Market Services awards tech mandate

KARREN VERGARA  |  WEDNESDAY, 15 JAN 2025
... the life insurance, pension, and annuities industries. Mumbai-based TCS won a mandate from the ASX in 2023 to provide clearing and settlement services. Last October, the global IT services, consulting, and business solutions provider launched a new business ...

Traders left scrambling over ASX settlement outage

MATTHEW WAI  |  MONDAY, 23 DEC 2024
... last Friday, forcing trade settlements on December 18 and 19 to be processed today. The ASX has since announced that clearing and settlements will process as "normal" at the open of trading this morning. The issue occurred at around noon on Friday. The ...

TCorp buys Euroclear stake from LSEG

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2024
... minority owner of financial markets infrastructure company Euroclear. TCorp has acquired a 4.92% stake in the Belgium-based clearing and settlements firm, with the holding valued at about $752 million. The interest was previously held by London Stock ...

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... reviews." Lofthouse added that the ASX has taken a different approach to how it is implementing the upgrade to its equity clearing and settlement systems, including the selection of a product-based solution and staging the implementation over two releases. ...

RBA seeks input on CBDC research project

MATTHEW WAI  |  FRIDAY, 8 NOV 2024
... assets on the same programmable platform could "facilitate reductions in cost and risk in conventional models of trading, clearing, settlement and asset servicing."

FCA changes bonds, derivatives transparency rules

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
... transparency requirements only for bonds admitted to trading on a trading venue and certain derivatives subject to the clearing obligation," the FCA said. "We are removing the requirement to perform transparency calculations which had been used to determine ...

FCX granted 'historic' market licence by ASIC, RBA

ANDREW MCKEAN  |  TUESDAY, 8 OCT 2024
... facilitating private market secondary transactions, has been granted a "first-of-its-kind" Australian Market Licence and Clearing Settlement Facility Licence by ASIC and the Reserve Bank of Australia (RBA). The licences enable the FCX Market to trade ...