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Showing 61 - 70 of 402 results for "Clearing"

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 ...

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 ...