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Showing 1 - 7 of 7 results for "CHESS Replacement Program"

ASX awards settlement, clearing mandate

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... "It will be critical for ASX to now focus on engaging with the market on the detailed design of the CHESS Replacement program with a realistic and achievable timeline for implementation," he said. The next steps involve detailed design and implementation. ...

ASIC, RBA set high expectations for ASX

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2023
... issues incurred by ASX Clear and ASX Settlement following longstanding industry concerns over the botched CHESS replacement program. ASIC and the RBA expect the ASX to "consult and engage in good faith" with the Advisory Group. In response, the ASX will ...

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... Earlier this year, ASIC initiated an investigation into ASX regarding potential breaches related to the CHESS replacement program. The probe is examining whether ASX and its subsidiaries, along with its directors and officers, violated the ASIC Act 2001 ...

ASX CHESS lead to become chief information officer

CHLOE WALKER  |  WEDNESDAY, 24 MAY 2023
... Design team will continue to be led by Tim while he puts in place a new leadership team structure for the CHESS replacement program," she said. "As chief information officer, he will also have accountability for delivery of the technical aspects of the ...

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 ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... Australia, the Council of Financial Regulators and ACCC, will continue to closely monitor the ASX's CHESS replacement program, particularly now the program is in key testing and readiness phases. The long-delayed transformation of the ASX's clearing ...

ASIC enforces licence conditions on ASX

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
... involve appointing an independent expert to assess ASX's assurance program for the implementation of the CHESS replacement program and analysing whether it is fit for purpose. ASIC has also released a report into the outage that outlines its expectations ...
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