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RBA Glossary definition for RTS

RTS – Regulatory Technical Standard

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Examining the Causes of Historical Failures of Central Counterparties

17 Jun 2021 Bulletin – June 2021
Nicholas Cross
Although historically rare, the failure of a central counterparty (CCP) could severely disrupt and destabilise the financial system.
https://www.rba.gov.au/publications/bulletin/2021/jun/examining-the-causes-of-historical-failures-of-central-counterparties.html