Search: financial institution
RBA Glossary definition for financial institution
financial institution – A company whose primary function is to intermediate between lenders and borrowers in the economy.
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BIS and Central Bank Partners to Explore Protocols for Embedding Policy and Regulatory Compliance in Cross-border Transactions
5 Oct 2023
Media Releases
The BIS Innovation Hub Singapore Centre, Reserve Bank of Australia, Bank of Korea, Bank Negara Malaysia, and Monetary Authority of Singapore today launched Project Mandala.
https://www.rba.gov.au/media-releases/2023/mr-23-26.html
December: 1997-Glossary
9 Mar 2023
Media Release
when due will cause other participants or financial institutions to be unable to meet their obligations (including settlement obligations in a transfer system) when due. ... Such a failure may cause significant liquidity or credit problems and, as a
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html
December: 1997-Methodology
9 Mar 2023
Media Release
For these institutions, current exposure equals the sum of their Status I and F trades. ... The institutions surveyed accounted for over 90 per cent of local market turnover and included both banks and non-banks.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/methodology.html
December: 1997-Risk Management Practices
9 Mar 2023
Media Release
operations. Of those institutions that made comments on the CPSS report, all agreed the methodology adopted was valid and accurate. ... financial institution.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/risk-management-practices.html
December: 1997-Sample Questionnaire
9 Mar 2023
Media Release
5. Please indicate how your institution routinely settles foreign exchange related AUD transactions. ... Does your institution settle foreign exchange transactions in AUD for overseas correspondents (including related institutions, eg overseas parent or
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-b.html
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
In setting and then monitoring settlement limits on individual counterparties, financial institutions must understand and be able to measure the duration of settlement risk. ... Accordingly, the RBA is of the view that Australian financial institutions
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html
December: 1997-Next Steps and Conclusions
9 Mar 2023
Media Release
Indeed, the recent Financial System Inquiry recommended that the RBA give high priority to promoting cost-effective control of international settlement risks. ... This report has highlighted the scope for institutions to reduce substantially their
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html
Research Project Exploring Use Cases for CBDC
2 Mar 2023
Media Releases
The Digital Finance Cooperative Research Centre and the Reserve Bank are announcing the use case proposals, along with their providers, which have been invited to participate in the live pilot, which will take place over the coming months.
https://www.rba.gov.au/media-releases/2023/mr-23-06.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
Payments System Board Update: November 2022 Meeting
24 Nov 2022
Media Releases
At its meeting today, the Payments System Board discussed the recent technology outage at the Bank, ASX CHESS replacement, cyber resilience at payments and market infrastructures, payments reforms including common access requirements, least-cost
https://www.rba.gov.au/media-releases/2022/mr-22-39.html