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RBA Glossary definition for systemic risks
systemic risks – Events which may jeopardise financial system stability and cause harm to the real economy. For example, the Y2K problem was regarded as such a risk. They may include the risk that the failure of one participant in a payments system, or in financial markets generally, to meet their required obligations when due, will cause other participants or financial institutions to be unable to meet their obligations (including settlement obligations in a transfer system) when due. Such a failure may cause significant liquidity or credit problems.
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Message Design Enhancements | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019
31 Dec 2002
Consultations
Key reasons provided for supporting the implementation of enhanced content included improved risk management (particularly in terms of Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) compliance and sanctions screening) ... expansion of
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/message-design-enhancements.html
The Environment for Innovation in the Australian Payments System | Strategic Review of Innovation in the Payments System: Issues for…
7 Jun 2011
Consultations
In particular, clearing and settlement arrangements should ideally allow relatively straightforward access to players with new products and new business models, provided that any risks they bring to the system are
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/environment-innovation-australian.html
Preliminary Assessment | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document December 2013 | Consultations
6 Dec 2013
Consultations
At the same time, it requires the schemes to establish risk-based criteria for determining eligibility and assessing applications, meaning that the schemes will be required to take account of risks ... in admitting new members and provide a risk-based
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/preliminary-assessment.html
Strategic Issues – Migration Approach | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
A key advantage of this approach is the balance of risks associated with the immediate adoption of enhanced content against the benefits associated with a migration to ISO 20022, taking advantage ... One risk with this approach is that the nominated end
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-migration-approach.html
The Use of Online and Newer Payment Methods | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 |…
7 Jun 2011
Consultations
24). Graph 22. Graph 23. Graph 24. By far the biggest deterrent to making any type of payment online is the risk of fraud. ... A significant deterrent to the increased use of online methods for bill payments (though much less important than fraud risk)
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/online-newer-payment-methods.html
Setting a Default Network on Dual-network Debit Cards | The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions…
28 Sep 2023
Consultations
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/conclusions-paper/setting-a-default-network-on-dual-network-debit-cards.html
Snapshot of Consumer Payment Patterns in 2010 | Strategic Review of Innovation in the Payments System: Issues for Consultation June 2011 |…
7 Jun 2011
Consultations
About 80 per cent of consumers have bought goods and services online. Consumers, nonetheless, are concerned about the risk of fraud online and this is an important constraint on the use
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/snapshot-consumer-payment-patterns-2010.html
Mobile Wallet Technology | Dual-Network Cards and Mobile Wallet Technology – Consultation Paper – December 2016
10 Dec 2016
Consultations
This reduces the risk of it being obtained by fraudsters (especially as there is no longer the risk that a merchant will store a cardholder's PAN).
https://www.rba.gov.au/publications/consultations/201612-dual-network-cards-and-mobile-wallet-technology/mobile-wallet-technology.html
Draft Variation to the Access Regimes | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document December 2013 | …
6 Dec 2013
Consultations
Second, each scheme would now have the ability to make other entities eligible to apply to participate by applying eligibility criteria that are reasonably related to the risks to the scheme ... assess and address risks to the scheme or its participants,
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/draft-variation-to-the-access-regimes.html
Introduction | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019
31 Dec 2002
Consultations
The intention is to ensure the migration project is undertaken in a timeframe that does not pose risk to the payment system and that appropriately considers the objectives of migration and
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/introduction.html