Search: systemic risks
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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Developments in the Clearing and Settlement Industry
8 Oct 2023
PSB Annual Report
- 2023
PDF
756KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/developments-in-the-clearing-and-settlement-industry.pdf
International Financial Cooperation
27 Oct 2022
RBA Annual Report
– October 2022
Another ongoing focus of the FSB has been to strengthen the resilience of the NBFI sector and address systemic risks arising from NBFIs. ... In June 2022, the BCBS released principles for both banks risk management and supervisors practices related to
https://www.rba.gov.au/publications/annual-reports/rba/2022/international-financial-cooperation.html
Risk Management
20 Aug 2009
RBA Annual Report
– 2009
The Reserve Bank's risk management framework involves identifying and assessing risks as well as implementing and reviewing the effectiveness of controls. ... The main risks are exchange rate risk, interest rate risk and credit risk.
https://www.rba.gov.au/publications/annual-reports/rba/2009/risk-mgnt.html
Governor's Foreword
21 Oct 2021
PSB Annual Report
- 2021
PDF
60KB
https://www.rba.gov.au/publications/annual-reports/psb/2021/pdf/governors-foreword.pdf
References
9 Oct 2019
RDP
2019-10
Farhi E and J Tirole (2012), ‘Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts’, The American Economic Review, 102(1), pp 60–93. ... Dice Center for Research in Financial Economics Working Paper 2014-09. Morris S and HS Shin (2016),
https://www.rba.gov.au/publications/rdp/2019/2019-10/references.html
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Introduction
31 Dec 2013
RDP
2013-12
Indeed, Duffie and Zhu (2011) find that mandated central clearing could increase systemic risk if activity is fragmented across multiple CCPs. ... Pirrong (2012) also warns that systemic risk could increase, noting that such fragmentation will increase
https://www.rba.gov.au/publications/rdp/2013/2013-12/introduction.html
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Banking and Payment Services
21 Oct 2021
RBA Annual Report
– 2021
The purpose of the exercise is to identify systemic risks to the integrity and stability of Australia's financial markets. ... levels. The pandemic also had implications for the Reserve Bank's management of operational risks.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html
International Financial Cooperation
9 Aug 2023
RBA Annual Report
- 2022
PDF
555KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/international-financial-cooperation.pdf
A Density-based Estimator of Core/Periphery Network Structures: Analysing the Australian Interbank Market
5 Feb 2018
RDP
PDF
1627KB
demand during periods of heightened risk (Ashcraft, McAndrews and Skeie 2011). ... risk. The RBA, and many other central banks, have historically relied on surveys to collect information.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-01.pdf
Trends in the Australian Banking System: Implications for Financial System Stability and Monetary Policy
1 Dec 2009
RDP
PDF
156KB
It discusses how they are likely to affect theprobability of a systemic event occurring, and discusses some implications formonetary policy. ... Foreign entrants have the potential to reduce the risk of systemic instabilitybecause they are diversified
https://www.rba.gov.au/publications/rdp/1999/pdf/rdp1999-05.pdf