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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OTC Derivatives Reform: Netting and Networks | Conference – 2013
19 Aug 2013
Conferences
One of the core objectives of this decision is to mitigate systemic risk. ... circumstances – the ‘effective’ systemic risk reduction under split clearing may be greater than the expected loss captured by the total system exposure metric would imply
https://www.rba.gov.au/publications/confs/2013/heath-kelly-manning.html
Biographies of Contributors | Conference – 2013
19 Aug 2013
Conferences
He has written on different issues relating to monetary policy implementation, money markets, network topology of financial markets, large-value payment systems and systemic risk. ... He has also lectured on international finance, investment and risk at
https://www.rba.gov.au/publications/confs/2013/bios-2013.html
Discussion on OTC Derivatives Reform: Netting and Networks | Conference – 2013
19 Aug 2013
Conferences
insolvency. And while higher collateral requirements reduce the risk of failure by reducing counterparty risk, they increase the risk of illiquidity. ... In particular, it was noted that much of the reduction in individual risk was achieved by
https://www.rba.gov.au/publications/confs/2013/heath-kelly-manning-disc.html
The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
b. , R. i. ,. ) is the loan rate without credit risk in Equation (19). ... A fourth stylised fact is that counterparty risk pushes up the overnight rate.
https://www.rba.gov.au/publications/confs/2013/bech-monnet.html
Policy Panel | Conference – 2013
19 Aug 2013
Conferences
This may lead to excessive liquidity risk-taking. Second, it is difficult to differentiate liquidity problems from solvency problems. ... ALA option 3 may be relevant for banks with no adequate foreign exchange risk management.
https://www.rba.gov.au/publications/confs/2013/policy-panel-2013.html
Discussion on Central Bank Liquidity Provision and Core Funding Markets | Conference – 2013
19 Aug 2013
Conferences
In that sense, providing funding liquidity was sufficient to encourage investors to remain in, or re-enter, the market, taking on the bank credit risk themselves. ... This provoked debate about policymakers' apparent lack of willingness to haircut
https://www.rba.gov.au/publications/confs/2013/johnson-santor-disc.html
Discussion on Bank Funding and Financial Stability | Conference – 2013
19 Aug 2013
Conferences
Perotti E (2010), ‘Systemic Liquidity Risk and Bankruptcy Exceptions’, CEPR Policy Insight No 52. ... In particular, the participant suggested that long-term secured funding mitigated insolvency risk for the creditor.
https://www.rba.gov.au/publications/confs/2013/gai-haldane-kapadia-nelson-disc.html
Property Prices and Bank Risk-taking
10 Dec 2012
Conferences
PDF
995KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/dellariccia.pdf
Discussion of Taming the Real Estate Beast: The Effects of Monetary and Macroprudential Policies on Housing Prices and Credit
10 Dec 2012
Conferences
PDF
421KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/kuttner-shim-disc.pdf
Introduction to Property Markets and Financial Stability
10 Dec 2012
Conferences
PDF
534KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/intro-2012.pdf