Featured Insights

In August 2020, ASIC released its 2020-2024 Corporate Plan. ASIC is FEX’s primary regulator and also regulates other Australian financial market infrastructure operators. ASIC’s corporate plan sets out how it seeks to achieve its strategic priorities and actions over the coming four years.

Within its corporate plan, ASIC affirmed its ongoing priority to remain focused on both the impact of the COVID-19 pandemic and longer-term threats and harms to achieve its vision. ASIC has also emphasised its ongoing interest in the operational resilience of Financial Market Infrastructures and, within this corporate plan, will seek to identify risks to the operational resilience of financial markets. This includes enhanced monitoring of market infrastructure providers and intermediaries.

ASIC also noted that they will contribute law reform by working with Government to develop and implement reform of the financial market infrastructure regulatory framework, including a dedicated clearing and settlement facility crisis management regime.

As an operator of Australian financial market infrastructures, FEX maintains a laser focus on its operational resilience, including maintaining detailed disaster recovery and business continuity plans. Such plans and processes are also maintained by FEX Global’s clearing services provider, Chicago Mercantile Exchange Inc. (CME).

FEX maintains both operational and technological backups and redundancies, including but not limited to disaster recovery sites, data centre fall backs and key personnel succession plans. FEX markets regularly test their backup and recovery arrangements to ensure its markets can operate in a fair, orderly and transparent manner.

Information on CME’s disaster recovery and business continuity processes is available here.

For further information on FEX’s markets, including FEX Global and Mercari, please contact FEX.