• Latest
  • Trending
  • All

Assessment of ASX Clearing and Settlement Facilities – October 2020

October 1, 2020 14:45
Equities struggle amid economic and China-related concerns

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
Stocks gain, dollar eases ahead of job market data

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off the pressure

December 26, 2022 05:13
Investors spooked by strong US data

Investors spooked by strong US data

December 23, 2022 11:55
Dollar lacks upside momentum due to lower Treasury yields

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
Risk demand reemerges cautiously, but caution remains in place

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
Dollar lacks upside momentum due to lower Treasury yields

US dollar resists selling pressure

December 20, 2022 10:44
Market sentiment dented by recession fears

Market sentiment dented by recession fears

December 19, 2022 02:53
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
Investor sentiment improves, but gains limited

Investor sentiment improves, but gains limited

November 15, 2022 05:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar licks wounds after plunge

November 14, 2022 05:05
  • Terms & Сonditions
  • Contact
Monday, January 30, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Assessment of ASX Clearing and Settlement Facilities – October 2020

Assessment of ASX Clearing and Settlement Facilities – October 2020

by FWNews
October 1, 2020 14:45
in Rates
0

The Reserve Bank today released the October
2020 Assessment of the ASX Clearing and
Settlement Facilities
. The Assessment concludes that ASX’s clearing and settlement (CS)
facilities ‘observed’ or ‘broadly observed’ all relevant requirements under the Reserve
Bank’s Financial Stability Standards (FSS) as at 30 June 2020, with the exception of the
standard relating to margin, which was rated as ‘partly observed’ in ASX Clear
(Futures), and the standard relating to operational risk, which was rated as ‘partly
observed’ in ASX Clear and ASX Settlement.

The Reserve Bank is responsible for the supervision of Australian-licensed CS facilities
focusing on the reduction of systemic risk. Systemically important CS facilities are
assessed on a regular basis against the FSS set by the Reserve Bank.

A key finding of the Assessment is that ASX should implement its new system for the clearing
and settlement of cash equities trades as soon as this can safely be achieved by ASX and
users of the existing CHESS system. The importance of replacing CHESS in a safe and timely
manner was highlighted by processing delays experienced in March during record trading
volumes, which contributed to the downgraded ratings on operational risk.

The Reserve Bank has continued to work closely with the Australian Securities and Investment
Commission (ASIC) as the co-regulator of the ASX CS facilities in supervising the CHESS
replacement project. ASIC and the Reserve Bank today announce
the two regulators’ expectations of ASX as it replaces CHESS. Details of these expectations
are also included in the Assessment.

On balance, the Reserve Bank has concluded that the facilities have conducted their affairs in a way
that causes or promotes overall stability in the Australian financial system. However, ASX
will need to place a high priority on addressing recommendations related to margin at ASX
Clear (Futures) and operational risk at ASX Clear and ASX Settlement, including via the
replacement of CHESS.

The Assessment also describes progress made by the ASX CS facilities in addressing
recommendations from the 2019 Assessment.

Background

In the case of the ASX Group, the Reserve Bank conducts annual assessments of its four CS
facilities: two central counterparties – ASX Clear Pty Limited and ASX Clear (Futures) Pty
Limited – and two securities settlement facilities – ASX Settlement Pty Limited and
Austraclear Limited. These assessments include a rating of the CS facilities’ observance
of each of the FSS.

For more information on the Bank’s approach to assessing CS facilities, see:
Financial Stability Standards.

ASIC has separate, but complementary, responsibilities for the supervision of CS facilities
focused on the fair and effective provision of services.

ASIC and the Reserve Bank, with the broader Council of Financial Regulators (CFR) and the Australian
Competition and Consumer Commission, are also closely supervising ASX’s conduct in the CHESS
replacement program of change in accordance with the CFR’s
Regulatory
Expectations for
Conduct in Operating Cash Equities Clearing and Settlement
. These Regulatory Expectations
apply to ASX’s engagement with, and provision of services to, users of its monopoly cash
equity CS services.

Share2Tweet1
ADVERTISEMENT
FWNews

FWNews

Track the pulse of the market

Related Posts

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
12
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off the pressure

December 26, 2022 05:13
12
Investors spooked by strong US data
Fundamental analysis

Investors spooked by strong US data

December 23, 2022 11:55
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
16

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Dollar lacks upside momentum due to lower Treasury yields

Dollar stays downbeat, but bearish potential remains limited

June 28, 2022 06:15
18
Stores on 125th Street in Harlem are closed, as retail sales suffer record drop during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S.

Chicago Fed economic index takes recessionary plunge in March

April 20, 2020 09:32
10
Pound corrects higher due to dollar weakness

Dollar on the back foot as risk sentiment improves

August 23, 2021 06:48
17

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews