Search: PSB
RBA Glossary definition for PSB
PSB – Payments System Board. Created in 1998, within the Reserve Bank of Australia (RBA). The PSB is responsible for determining the RBA's payments system policy so as to best contribute to: controlling risk in the financial system; promoting the efficiency of the payments system; and promoting competition in the market for payment services, consistent with the overall stability of the financial system. Powers to carry out the PSB's policies are vested in the RBA.
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Reforms to the Payment Systems (Regulation) Act 1998 Submission to Senate Economics Legislation Committee – February 2024 | Payments System …
23 Feb 2024
Submissions
The RBA is the principal regulator of the Australian payments system, with the RBA’s payments system policy determined by the Payments System Board (PSB). ... The PSB has a general duty to direct the RBA’s payments system policy to the greatest
https://www.rba.gov.au/publications/submissions/payments-system/reforms-to-the-psra/index.html
Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
The PSB also informs the Government of its policies through a number of channels. ... Consistent with its statutory obligations, the PSB consults widely before introducing any formal regulatory requirements.
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
The Indian Banking System
9 Dec 2021
Bulletin
– December 2021
Banks play a key role in India’s financial system and underpin economic growth.
https://www.rba.gov.au/publications/bulletin/2021/dec/the-indian-banking-system.html
Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions
8 May 2024
Submissions
The PSB should consider whether interchange pricing arrangements are appropriate for credit and debit cards.
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
Most notably, the Bank's Payments System Board (PSB) conducted a Strategic Review of Innovation in the payments system over 2010–12, which led to the design and build by the ... Under the Reserve Bank Act 1959, the PSB is responsible for determining
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
Fast Retail Payment Systems
18 Dec 2014
Bulletin
– December 2014
In December 2014, a group of Australian financial institutions announced that funding had been secured for the next phase of the New Payments Platform (NPP), which will provide the capability for Australian consumers and businesses to make and
https://www.rba.gov.au/publications/bulletin/2014/dec/6.html
Economic Developments in India
10 Dec 2020
Bulletin
– December 2020
Over recent decades, India's rapid economic growth has led to a substantial increase in its demand for Australian exports.
https://www.rba.gov.au/publications/bulletin/2020/dec/economic-developments-in-india.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Introduction
8 May 2024
Submissions
In particular, the Reserve Bank's Payments System Board (PSB) has an obligation to promote the efficiency of the payments system and promote competition in the market for payment services, consistent
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/introduction.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments
8 May 2024
Submissions
a new Board, the Payments System Board (PSB), to oversee the exercise of those powers. ... In 2007–08, the PSB conducted a review of the Bank's reforms.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-as-payment-instruments.html
Developments in the Buy Now, Pay Later Market
18 Mar 2021
Bulletin
– March 2021
The buy now, pay later (BNPL) sector is growing rapidly and new providers and business models are emerging.
https://www.rba.gov.au/publications/bulletin/2021/mar/developments-in-the-buy-now-pay-later-market.html