Search: insolvency
RBA Glossary definition for insolvency
insolvency – A situation where an entity has insufficient assets to cover the value of its liabilities, resulting in an inability to meet its financial obligations as they fall due.
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Oversight, Supervision and Regulation of Financial Market Infrastructures
15 Oct 2020
PSB Annual Report
– 2020
While the regulators currently have a range of powers with respect to FMIs, the options available to address the potential insolvency of an FMI or other severe threats to its continued
https://www.rba.gov.au/publications/annual-reports/psb/2020/oversight-supervision-and-regulation-of-financial-market-infrastructures.html
Surveillance of the Financial System
30 Jun 1997
RBA Annual Report
– 1997
The most important of these will remove the risk that RTGS could be rendered void by a ‘zero hour’ ruling that would date the insolvency of a bank from the midnight
https://www.rba.gov.au/publications/annual-reports/rba/1997/surveillance-financial.html