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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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
4. Financial Market Infrastructures
21 Oct 2021
PSB Annual Report
– 2021
Payments System Board Annual Report – 2021 Box B:. Assessing the Cyber Resilience of FMIs. Cyber security threats are currently ranked by the Council of Financial Regulators (CFR) as one of the top five risks to the Australian financial system.
https://www.rba.gov.au/publications/annual-reports/psb/2021/box-b-assessing-the-cyber-resilience-of-fmis.html
Developments in the Financial System Architecture
20 Oct 2016
FSR
– October 2016
This was a comprehensive examination of the regulatory framework for card payments, guided by the mandate of the Bank's Payments System Board (PSB) to promote competition and efficiency in the ... The key decisions taken by the PSB related to surcharging,
https://www.rba.gov.au/publications/fsr/2016/oct/dev-fin-sys-arch.html
Retail Payments Regulation and Policy Issues
21 Oct 2021
PSB Annual Report
– 2021
Payments System Board Annual Report – 2021 3. Retail Payments Regulation and Policy Issues. The Reserve Bank determines policy for, and undertakes research into, retail payment systems under its remit to promote a safe, competitive and efficient
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html
Payments System Board
21 Oct 2021
RBA Annual Report
– 2021
Reserve Bank of Australia Annual Report – 2021 Payments System Board. The Payments System Board comprises up to eight members: the Governor; Assistant Governor (Financial System); Chair of the Australian Prudential Regulation Authority (APRA); and
https://www.rba.gov.au/publications/annual-reports/rba/2021/payments-system-board.html
Governance and accountability
21 Oct 2021
RBA Annual Report
– 2021
Reserve Bank of Australia Annual Report – 2021Governance and Accountability. The Reserve Bank is an independent central bank, accountable to the Parliament of Australia. The Bank has two boards: the Reserve Bank Board, which has responsibility for
https://www.rba.gov.au/publications/annual-reports/rba/2021/governance-and-accountability.html
The Payments System | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions
1 Aug 2014
Submissions
The PSB could consult on the costs and benefits of a standard requiring such transparency. ... Currently, only 2 of the 8 members of the PSB are Reserve Bank officials.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-The Credit Card Market
8 May 2024
Submissions
The PSB therefore established Access Regimes for the systems which required that a new class of financial institutions, specialist credit card institutions (SCCIs), were eligible to apply for membership in the
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/the-credit-card-market.html
The New Payments Platform and Fast Settlement Service
20 Sep 2018
Bulletin
– September 2018
A significant advance in the Australian payments system occurred in February 2018 with the public launch of the New Payments Platform (NPP).
https://www.rba.gov.au/publications/bulletin/2018/sep/the-new-payments-platform-and-fast-settlement-service.html
Box A: The G20 Roadmap to Enhance Cross-border Payments
21 Oct 2021
PSB Annual Report
– 2021
Payments System Board Annual Report – 2021 Box A:. The G20 Roadmap to Enhance Cross-border Payments. Globally, cross-border payments lag significantly behind domestic payments in meeting user expectations for services that are cheap, fast,
https://www.rba.gov.au/publications/annual-reports/psb/2021/box-a-the-g20-roadmap-to-enhance-cross-border-payments.html