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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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Submission to the Inquiry into the Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023
6 Feb 2024
Submissions
PDF
223KB
The Bank welcomes making its longstanding role in relation to financial stability explicit in the Bill. ... Functions of the Monetary Policy Board – section 9B. Financial System Stability – section 9(1)(b) and Part VI.
https://www.rba.gov.au/publications/submissions/other/inquiry-into-the-treasury-laws-amendment-reserve-bank-reforms-bill-2023/pdf/inquiry-into-the-treasury-laws-amendment-reserve-bank-reforms-bill-2023.pdf
RBA submission to Defining payment functions consultation - July 2023
16 Jan 2024
Submissions
PDF
445KB
While indirect access suits many providers, some may prefer to participate directly in clearing and settling payments on behalf of their customers without reliance on another financial institution.1 There has ... 2 See Quarterly Statement by the Council
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-defining-payment-functions-consultation-july-2023.pdf
A Strategic Plan for the Payments System
6 Jun 2023
Submissions
PDF
539KB
businesses and financial institutions, and can undermine public confidence in electronic payments. ... customer-led transition away from cheques. Financial institutions have an important role to play in.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf
Submission to the Inquiry into the Digital Assets (Market Regulation) Bill 2023
1 Jun 2023
Submissions
PDF
248KB
stablecoins to play a more prominent role in the financial system in the future. ... the Treasury, with support from the Council of Financial Regulators (CFR) agencies and other regulators.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/digital-assets-bill-senate-economics-legislation-committee-may-2023.pdf
Background on the Australian Listed Equity Market - September 2021
17 Sep 2021
Submissions
PDF
681KB
Submission to the House of Representatives Standing Committee on Economics Inquiry into Common Ownership and Capital Concentration in Australia
https://www.rba.gov.au/publications/submissions/financial-sector/background-on-the-australian-listed-equity-market-2021-09/pdf/background-on-the-australian-listed-equity-market-2021-09.pdf
Inquiry into the adequacy and efficacy of Australia’s AML/CTF regime
6 Sep 2021
Submissions
PDF
179KB
Submission to the Senate Legal and Constitutional Affairs References Committee
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-into-the-adequacy-and-efficacy-of-australias-aml-ctf-regime-2021-08/pdf/inquiry-into-the-adequacy-and-efficacy-of-aus-aml-ctf-regime-2021-08.pdf
Submission to the Senate Select Committee on Australia as a Technology and Financial Centre - July 2021
19 Jul 2021
Submissions
PDF
610KB
De-banking’ risks appear to reflect a range of factors, including financial institutions’ focus on the profitability of their relationships, ‘know your customer’ (KYC) compliance costs, and apparent heightened risk aversion ... and uncertainty
https://www.rba.gov.au/publications/submissions/payments-system/pdf/inquiry-into-australia-as-a-technology-and-financial-centre.pdf
Submission to Payments System Review
3 Feb 2021
Submissions
PDF
1155KB
and supervises a range of financial institutions, many of which provide payment services. ... Financial. institution. Series break due to changes in reporting methodology in May 2018.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-payments-system-review-01-2021.pdf
65 Martin Place Sydney NSW 2000 GPO Box 3947 ...
23 Apr 2020
Submissions
PDF
580KB
Third-party payment initiation. Currently, there are two payment methods supported by financial institutions for third-party payment initiation from individuals’ transaction accounts. ... Direct debit allows payments to be initiated by a merchant’s
https://www.rba.gov.au/publications/submissions/payments-system/pdf/future-directions-for-the-consumer-data-right.pdf
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology
9 Jan 2020
Submissions
PDF
797KB
financial institutions, including the Reserve Bank. The NPP provides the clearing and settlement. ... financial institutions, including the Reserve Bank, which funded the development of the NPP.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/pdf/financial-and-regulatory-technology.pdf