The amendments will take effect on 1 December, introducing five recovery tools to help manage a potential default by a market participant.
September 5, 2023ASIC and the RBA directed ASX to use its new advisory group to seek advice on Australia's possible implementation of T+1 settlement.
September 1, 2023The FSC is working on plans to boost exports of Korean financial infrastructure to overseas markets such as in Southeast Asia.
August 29, 2023The new system has already been delayed several years due to the Covid-19 pandemic and other factors. Securities firms are still behind schedule on testing.
August 27, 202389% of transactions processed on the Swift network now reach recipient banks within one hour. The FSB target was 75% by 2027.
August 23, 2023The move will enhance operational efficiency, reduce risk, and align with overseas markets, said PSE CEO Ramon Monzon.
August 17, 2023The changes are designed to accommodate the needs of more complex portfolios and allow firms to easily exclude positions that will be settled by end of day.
August 2, 2023Industrial Bank is the first bank to incorporate digital RMB into commodity spot trading, paving the way for future advancements in this area.
July 31, 2023The existing ESM framework had restricted the trading of ESM stocks to once a week. Under the new framework, trading can take place on all trading days.
July 21, 2023ASIC chair Joe Longo will chair an industry roundtable on 2 August to discuss a proposed CHESS replacement solution.
July 17, 2023