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Showing 61 - 70 of 147 results for "CHESS"

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 ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
... Australian people." In the wake of the proposed changes, ASIC is clamping down on the ASX to ensure that it successfully replaces CHESS after botching its attempt to overhaul it with blockchain. Following Accenture's external review into the 25-year-old ...

ASIC cracks down on CHESS issues

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
ASIC is further clamping down on the ASX to ensure that it successfully comes through on replacing CHESS after botching its attempt to overhaul it with blockchain. Following Accenture's external review into the 25-year-old settlements system, ASIC ...

Assets under custody stagnant: Data

CASSANDRA BALDINI  |  FRIDAY, 10 FEB 2023
... supporting 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 ...

Regulators urge ASX to maintain CHESS

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
ASIC and the Reserve Bank of Australia (RBA) have acted to ensure the ASX keeps the current CHESS until a replacement is successfully administered. ASIC issued notices to the ASX requiring it to produce a special report regarding the ongoing operation ...

ASX dumps CHESS replacement project

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
More than seven years on from when talk of a CHESS replacement began, the ASX has confirmed it will go back to the drawing board, writing off about $255 million in investment already made. The bourse first touted it would look to replace CHESS in February ...

ASIC welcomes second ASX market resilience consultation

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
... capabilities provided by third-party vendors. The changes run alongside important amendments, including the replacement of the CHESS settlement system, Cboe's technology upgrade, and the implementation of new Market Integrity Rules which will come into ...

Assets under custody take a hit: ACSA

JAMIE WILLIAMSON  |  MONDAY, 22 AUG 2022
... involvement in digital assets including cryptocurrencies, and the implementation of the ASX's DLT-based replacement for CHESS. "Innovation, digital asset evolution and standards will be critical to achieving efficiency in custody and investment administration ...

CHESS replacement delayed further, review underway

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
The ASX has commissioned an independent review of its long-delayed CHESS replacement to enable the bourse to set a realistic go-live date, saying current indications suggest it won't launch before late 2024. The CHESS replacement project has been underway ...