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Showing 1 - 10 of 14 results for "CHESS Batch Settlement"

ASX to spend $264m to modernise tech, uplift risk management

RIDDHIMA TALWANI  |  THURSDAY, 29 JAN 2026
... forefront due to disruptions in trading in late 2024. ASX then said the glitch was a "technical issue" on its CHESS Batch Settlement, pushing trade settlements by two days. ASX suffered another outage last month which impacted the publication of company ...

ASX suffers another outage

ELIZA BAVIN  |  MONDAY, 1 DEC 2025
... infrastructure. The RBA pointed to recent shortcomings in risk management - particularly the December 2024 CHESS batch settlement incident - which it said highlighted that ASX must "make foundational changes to its governance, culture and risk management ...

APRA stress tests for potential ASX failure

ELIZA BAVIN  |  THURSDAY, 20 NOV 2025
... financial shock, the impacts would be exacerbated. The ASX has come under fire throughout the year for the CHESS batch settlement failure incident that occurred on 20 December 2024. Both the Reserve Bank of Australia (RBA) and ASIC lambasted the ASX ...

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... infrastructure. The RBA pointed to recent shortcomings in risk management - particularly the December 2024 CHESS batch settlement incident - which it said highlighted that ASX must "make foundational changes to its governance, culture and risk management ...

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
... increasingly concerned and deeply disappointed over the management of operational risk at ASX, following the CHESS batch settlement failure that occurred on 20 December 2024," the letter said. "For some time, the regulators have been raising serious ...

ASX revenues, profits increase amid scrutiny

MATTHEW WAI  |  FRIDAY, 15 AUG 2025
... relation to the CHESS replacement project. "We've experienced heightened regulatory scrutiny following the CHESS Batch Settlement Incident last December and we are committed to demonstrating we can address concerns and bolster confidence in ASX," Lofthouse ...

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

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... the embattled CHESS system. ASIC has recently launched an inquiry into the exchange last month, with the CHESS batch settlement failure that occurred in December last year being folded into the broader inquiry. Previously, ASIC chair Joe Longo said the ...

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 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 ...
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