Search: SWIFT
RBA Glossary definition for SWIFT
SWIFT – Society for Worldwide Interbank Financial Telecommunication. A co-operative organisation that operates a network for the exchange of payment and other financial messages between financial institutions.
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Contacts
5 Mar 2024
This page lists phone, fax and email addresses for the Reserve Bank of Australia
https://www.rba.gov.au/contact/
Material Developments | 2021 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
During the assessment period, the Bank commissioned an independent assessment of its compliance with the SWIFT controls. ... In March 2020, SWIFT decided to defer the deadline for migration to ISO 20022 for cross-border payments.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/material-developments.html
About RITS
20 Mar 2023
A general overview and information papers concerning RITS and its structure
https://www.rba.gov.au/payments-and-infrastructure/rits/about.html
2020 Assessment of the Reserve Bank Information and Transfer System – Material Developments
9 Mar 2023
During the assessment period, the Bank commissioned an external firm to conduct an independent assessment of its compliance with the SWIFT controls. ... These arrangements involve the netting and settlement of SWIFT PDS transactions in a multilateral
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2020/material-developments.html
System Availability Statistics - 2023
3 Aug 2023
Cash Transfers. 100.000. 100.000. 100.000. 100.000. 100.000. SWIFT. 100.000. 99.811. 100.000. ... In April, two separate incidents resulted in downtime to the RITS settlement service for SWIFT of 19 and 45 minutes, respectively.
https://www.rba.gov.au/payments-and-infrastructure/rits/system-availability-statistics/index.html
Oversight of High-value Payment Systems
12 Sep 2014
PSB Annual Report
– 2014
SWIFT also provides critical services to other FMIs and many other market participants. ... The OG has also increased its monitoring of cyber security initiatives at SWIFT.
https://www.rba.gov.au/publications/annual-reports/psb/2014/oversight-high-value.html
Financial Market Infrastructures
28 Sep 2022
PSB Annual Report
– September 2022
The G10 central banks oversee SWIFT through the SWIFT Cooperative Oversight Group (OG). ... During 2021/22, the SOF maintained a focus on cyber resilience, including SWIFTs ongoing program to ensure SWIFT members defences against cyber-attacks are up to
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html
2018 Assessment of the Reserve Bank Information and Transfer System – Material Developments
9 Mar 2023
As a user of the SWIFT network, the Bank is required to meet the security obligations set by SWIFT. ... Enhancing SWIFT-related security tools for customers. Enhancing guidelines and providing audit frameworks for customer security.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/material-developments.html
Exchange Settlement Account Policy
9 Mar 2023
The Reserve Bank of Australia's Exchange Settlement Account Policy
https://www.rba.gov.au/payments-and-infrastructure/esa/