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Showing 51 - 60 of 387 results for "Clearing"

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... toolkit for financial market infrastructures, clarify the scope of the Australian licensing regime for overseas markets and clearing and settlement facilities, and empower us to make rules to promote the fair and effective provision of services..." she ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... that have passed the most recent performance test, Treasury said. Finally, the ATO's Small Business Superannuation Clearing House will be retired from 1 July 2026. Treasury said it is working on the draft legislation through the second half of this ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... and the Reserve Bank of Australia (RBA). "The RBA now has powers to step in and promptly resolve a crisis at a domestic clearing and settlement facility, to ensure Australia's critical financial market infrastructure can continue to operate. Furthermore ...

Bell Financial half-year profit soars 50%, revenue up

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
... highlighted cost efficiencies from the completed migration of Bell Potter Securities clients to a third-party platform's clearing system, resulting in over $2 million in annual savings. Funds under advice grew at an 8.1% compound annual rate over the ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... Associates each agreed to pay the largest penalty of US$50 million. Smaller firms such as Apex Fintech Solutions' Apex Clearing Corporation will pay US$6 million ($9m), and Truist Securities, which self-reported, will pay $5.5 million ($8.3m). "As ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... commenced proceedings in the Federal Court against the ASX, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ASIC has alleged statements made in ASX announcements on 10 ...

ASIC proposes cash equity clearing and settlement rules

ANDREW MCKEAN  |  TUESDAY, 30 JUL 2024
ASIC has released a consultation paper on proposed rules to facilitate competitive outcomes in cash equity clearing and settlement (CS) services provided by the ASX Group. The corporate regulator's release of the consultation paper marks the first exercise ...

Future Fund hires Fortlake investments deputy

ELIZABETH FRY  |  MONDAY, 29 JUL 2024
... officer Tiffany Heath. Heath split her last 18 years between Goldman Sachs and UBS running derivatives execution and clearing for Australia and New Zealand. "Humbled to join the incredibly talented team, achieving outstanding absolute returns. I look ...

Challenger executive joins Bell FG

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... In May, Bell FG launched Tandem Securities, a platform that provides wholesale and institutional clients with trading, clearing, and investment services.

Chinese property market to stabilise

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... process in which the authorities may be pushed to add incremental resources, combined with the market's slow natural clearing process as excess supply gets worked down, leading to the stabilisation of the market at a low level over a six to 12-month ...