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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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Report Highlights Benefits and Challenges of Interlinking Fast Payment Systems for Cross-border Payments

23 Apr 2024 Media Releases
The Reserve Bank of Australia (RBA) today released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries.
https://www.rba.gov.au/media-releases/2024/mr-24-07.html

Media Releases

6 Feb 2024 Media Release
Media releases issued by RBA.
https://www.rba.gov.au/media-releases/

Media Releases – 2024

1 Jan 2024 Media releases issued in 2024
https://www.rba.gov.au/media-releases/2024/

Payments System Board Update: November 2023 Meeting

23 Nov 2023 Media Releases
At its meeting today, the Payments System Board discussed new technology in the clearing and settlement of securities and its implications for supervision, developments in the ATM industry and review of the ATM access framework, the annual review of
https://www.rba.gov.au/media-releases/2023/mr-23-33.html

Payments System Board Update: February 2023 Meeting

16 Feb 2023 Media Releases
Today’s Payments System Board meeting discussed ASX’s self-assessment against the Financial Stability Standards (FSS), the Bank’s framework for supervising payment system safety and resilience, payments system regulatory reform, the future of
https://www.rba.gov.au/media-releases/2023/mr-23-05.html

Final Incident Report RITS and FSS Incident – 12 October 2022

25 Nov 2022 Media Release PDF 146KB
19:30 External Communication. RBA Update: The RBA is currently investigating an issue with the Fast Settlement Service. ... 20:05 External Communication. RBA Update: The RBA is currently investigating an issue with the Fast Settlement Service.
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-40-final-incident-report-rits-and-fss-incident-12-october-2022.pdf

Technology Outage

13 Oct 2022 Media Releases
The Reserve Bank experienced a system issue yesterday evening which impacted the Fast Settlement Service (FSS) and the Low Value Clearing and Settlement Services (LVCS and LVSS).
https://www.rba.gov.au/media-releases/2022/mr-22-34.html

New Statistical Disclosures on Retail Payment Service Reliability

15 Nov 2021 Media Releases
New quarterly standardised statistics on the reliability of payment services provided to households and businesses are being published on the websites of individual service providers. These disclosures are intended to support transparency about
https://www.rba.gov.au/media-releases/2021/mr-21-25.html

Payments System Board Update: August 2021 Meeting

20 Aug 2021 Media Releases
At its meeting today, the Payments System Board discussed the Bank's review of retail payments regulation, the assessment of the ASX clearing and settlement facilities against the Bank's Financial Stability Standards, payment scams, and an updated
https://www.rba.gov.au/media-releases/2021/mr-21-16.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

1 Oct 2019 Media Releases
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent.
https://www.rba.gov.au/media-releases/2019/mr-19-27.html