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Showing 61 - 70 of 816 results for "Settlement"

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

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... of Australia (RBA) has released a consultation paper on the proposed draft guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime.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 posed to the ...

TA Associates invests in Viridian Financial Group

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... join Viridian's board once the transaction finalises. While the agreement remains subject to customary conditions, settlement is expected to occur in the third quarter of 2025. Private equity firm TA Associates has raised $65 billion in capital and ...

ASIC appoints ASX inquiry panel

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
... questionable ability to "maintain stable, secure and resilient" market infrastructure, reflected largely by the CHESS Batch Settlement failure just before Christmas last year. Leading the inquiry, Commonwealth Bank independent non-executive director ...

ASIC launches fresh inquiry into ASX

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... opportunity for ASX to bolster market trust." ASIC will discontinue its investigation of the 20 December 2024 CHESS batch settlement failure and fold it into the broader Inquiry. ASIC is currently suing the ASX in the Federal Court for allegedly making ...

ASX offloads interest in Digital Asset

MATTHEW WAI  |  FRIDAY, 13 JUN 2025
... 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 CHESS replacement ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... create Australian Retirement Trust (ART), Australia's second-largest super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement for the class action, which was brought ...

Centrepoint Alliance locks in hundreds of Brighter Super advice clients

ANDREW MCKEAN  |  FRIDAY, 23 MAY 2025
... June 11 to complete its audit and provide final client counts and associated figures, which will determine the final settlement amount, which is calculated based on a multiple of 1.25 times revenue transitioned, on June 13. It said a final announcement ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
The Federal Court approved the $65 million settlement that was reached in December. At the end of 2024, MLC Super Fund, NULIS Nominees and MLC Nominees agreed to settle the class action that was brought against it for deferring the transition of members ...

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... and about 17% were settled between two weeks to two months during the period. However, when it comes to TPD claims settlement, insurers are taking considerably longer. Merely 14% are processed within two weeks, with 23% taking more than six months to ...

ASX admits CHESS tech staff 'stretched'

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
... capability review for CHESS, after an outage occurred in late December 2024 which saw a "technical issue" on the CHESS Batch Settlement that disrupted and delayed several days' trade settlements. This outage was the final straw in several delays ...