The latest Industry Wrap
Australian Custodial Services Association (ACSA)
Promoting efficiency and best practice for members, our clients and the market
In this issue:
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Introduction
In this edition of the ACSA Industry Wrap we will update you on ACSA’s guidance on CPS230 and our response to T+1 for Australia. ACSA is also celebrating the graduates of the Elevating Women’s Voices Program, a program run in partnership? with AIMA - The Alternative Investment Management Association and 100 Women In Finance .
ACSA Board change
After 7? years on the ACSA Board, Andrew Gibson ,? – Custody Country Product Head for Australia & New Zealand at Citi is stepping down and will be replaced by Chris Moore, Head of Client Management, Australia and New Zealand at 花旗 .
ACSA issues CPS230 Operational Risk Guidance Note
APRA released the final CPS 230 Operational Risk Management Prudential Standard in July 2023 and the accompanying Prudential Practice Guide in June 2024. The Prudential Standard is effective from 1 July 2025 and introduces substantial changes to the way APRA-regulated entities are to oversee and manage arrangements with services providers, including Custodians.
T+1 in Australia – ACSA’s response
ACSA has responded to the ASX industry whitepaper - Considerations for accelerating cash equities settlement in Australia to T+1. Also, since December 2023, ACSA members have participated in and contributed to the ASX industry wide T+1 working group to provide strategic considerations for a potential transition to T+1 for Australia and provide analysis and insights to the Business Committee on settlement cycle compression.?
ACSA Graduates - Elevating Women’s Voices 2024 Program
Congratulations to the 18 sponsored graduates of the 3rd Elevating Women’s Voices program.
ACSA partnered with the AIMA - The Alternative Investment Management Association and 100 Women In Finance to foster and build on the contribution of women to the financial services industry.
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ACSA Thought Leadership Webinar Series
We finished June with an ACSA Thought Leadership Series pre year-end tax webinar to provide an important update from industry tax leaders on regulatory change, emerging trends, and potential implications for ACSA member companies and their clients.??
ACSA at IBR Investment Operations Conference
ACSA and ACSA members will be hosting several presentations and panels at the IBR Investment Operations Conference being held in Sydney on 11-12 September, 2024.
Global Perspective – How DLT is being utilised
ISSA recently published the results its fifth “DLT in the Real World” industry wide survey, which was supported by 埃森哲 , Broadridge and Ripple , and as last year, managed by the The ValueExchange .
In Focus –? Andrew Gibson
Andrew joined 花旗 in 2004 as the Head of Corporate Actions for Australia and New Zealand, before moving to the role of a Product Manager in August 2007. In 2014 Andrew was appointed to the role of Custody Country Product Head for Australia & New Zealand.