Payments and Market Infrastructure Assessments

The RBA promotes safe and resilient payments and market infrastructures to support financial stability. As part of this, the RBA publishes assessments of the compliance of a range of payments and market infrastructures.

Clearing and Settlement Facilities

The RBA conducts assessments of clearing and settlement (CS) facility licensees with the Financial Stability Standards. The frequency, scope and level of detail of these assessments is proportional to the systemic importance of a CS facility to the Australian financial system.

Below are the most recent of these assessments:

Payment Systems

Systemically Important Payment Systems

The RBA supervises or oversees the safety and stability of payment systems that are systemically important (SIPS), since they handle high-value payments for key financial market infrastructures. The Reserve Bank Information and Transfer System (RITS) is currently the only domestic systemically important payment system. The RBA conducts assessments of RITS against the Principles for Financial Market Infrastructures, which are international standards set by the Committee on Payments and Market Infrastructures and the Technical Committee of the International Organization of Securities Commissions.

To access all available assessments, see Reserve Bank Information and Transfer System.

Prominent Payment Systems

The RBA’s oversight of payment systems includes prominent payment systems, where an outage could cause significant economic disruption and damage confidence in the financial system.

For further information on oversight of prominent payment systems see: