Assessing Clearing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<p><span>ASIC and the Reserve Bank of Australia (</span><span>RBA</span><span>) (the&nbsp;</span><span>regulators</span><span>) note ASX&rsquo;s announcement on the CHESS Replacement program. ASX&rsquo;s announcement marks a significant setback to the replacement of critical national infrastructure for Australia&rsquo;s cash equity markets and now brings into sharp focus the longevity of the existing CHESS platform.</span></p>

ASIC and the Reserve Bank of Australia (RBA) (the regulators) acknowledge the recent announcement by ASX of the further delay to the Clearing House Electronic Sub-register System (CHESS) Replacement project. The regulators welcome the appointment of Accenture to provide an independent review of the new CHESS application software. This review is expected to assist ASX to confidently determine a new go-live date and will form part of ASX’s replanning process.

The Reserve Bank today released the 2021 Assessment of the ASX Clearing and Settlement Facilities. The Bank concluded that ASX’s clearing and