Search: CLS Bank
RBA Glossary definition for CLS Bank
CLS Bank – CLS Bank is a multi-currency bank, regulated by the Federal Reserve Bank of New York, which uses central bank funds to simultaneously settle cross-currency transactions in real time through a process known as Continuous Linked Settlement (CLS).
RBA Glossary definition for CLS
CLS – Continuous Linked Settlement. A process enabling simultaneous foreign exchange settlement across the globe, eliminating the settlement risk caused by delays arising from time-zone differences.
Search Results
A Strategic Plan for the Payments System
6 Jun 2023
Submissions
PDF
539KB
Although customer takeup of PayIDs. has been rising, the Bank would like to see individual banks do more to promote greater use of them,. ... 2 The Bank also identifies CLS Bank International as a systemically important international payment system.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf
Submission to the Financial System Inquiry March 2014
10 Nov 2017
Submissions
PDF
3041KB
Financial System Inquiry
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/pdf/financial-system-inquiry-2014-03.pdf
Australian Banking Association – Application for Authorisation AA1000664
23 Apr 2024
Submissions
PDF
113KB
2 Parliament of Australia (2023), ‘Committee Hansard – Senate Rural and Regional Affairs and Transport References Committee – Bank branch closures in regional Australia’, 1 December 2023. ... Reserve Bank of Australia23 April 2024. 3 Australian
https://www.rba.gov.au/publications/submissions/payments-system/accc-on-aba-cash-in-transit-application-04-2024/pdf/submission-to-accc-on-aba-cash-in-transit-application-april-2024.pdf
Reforms to the Payment Systems (Regulation) Act 1998 Submission to Senate Economics Legislation Committee - February 2024
15 Apr 2024
Submissions
PDF
266KB
The Reserve Bank of Australia (the RBA) welcomes the modernisation of the regulatory architecture. ... 1 Other relevant pieces of legislation are the: Reserve Bank Act 1959; Payment Systems and Netting Act 1998; and Part 7.3 of the Corporations Act 2001.
https://www.rba.gov.au/publications/submissions/payments-system/reforms-to-the-psra/pdf/reforms-to-the-payment-systems-regulation-feb-2024.pdf
Submission to the Inquiry into the Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023
6 Feb 2024
Submissions
PDF
223KB
SUBMISSION TO THE INQUIRY INTO THE TREASURY LAWS AMENDMENT (RESERVE BANK REFORMS) BILL 2023 | 1. ... Submission to the Inquiry into the Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023.
https://www.rba.gov.au/publications/submissions/other/inquiry-into-the-treasury-laws-amendment-reserve-bank-reforms-bill-2023/pdf/inquiry-into-the-treasury-laws-amendment-reserve-bank-reforms-bill-2023.pdf
Australian Banking Association (cash-in-transit initiatives)
22 Jan 2024
Submissions
PDF
102KB
Submission to the ACCC
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submisssion-to-accc-on-aba-cash-in-transit-authorisation-jan-2024.pdf
RBA submission to Defining payment functions consultation - July 2023
16 Jan 2024
Submissions
PDF
445KB
Payments definitions The Bank welcomes the Government’s proposed list of payment functions. ... 1 In 1999 the Bank was one of the first central banks to liberalise access by allowing non-ADI providers of third-party.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-defining-payment-functions-consultation-july-2023.pdf
Reforms to the Payment Systems (Regulation) Act 1998
20 Dec 2023
Submissions
PDF
306KB
both ‘specific’ and ‘general directions’ following consultation, would give the Bank the necessary. ... differences of opinion between the Government and the Bank on payments system policy.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/treasury-consultation-on-reforms-to-the-psra-submission-07-07-2023.pdf
Reforms to the Payment Systems (Regulation) Act 1998
1 Dec 2023
Submissions
PDF
446KB
Submission to Consultation on Exposure Draft Legislation
https://www.rba.gov.au/publications/submissions/payments-system/pdf/reforms-to-the-payment-systems-regulation-nov-2023.pdf
Submission to the Inquiry into the Digital Assets (Market Regulation) Bill 2023
1 Jun 2023
Submissions
PDF
248KB
in Australia. Central banks in a small number of developing economies have issued CBDCs. ... data from commercial banks and other participants in the payments system as part of its retail.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/digital-assets-bill-senate-economics-legislation-committee-may-2023.pdf