Search: financial sector
RBA Glossary definition for financial sector
financial sector – The sector of the economy that comprises financial institutions and financial markets.
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Report Highlights Benefits and Challenges of Interlinking Fast Payment Systems for Cross-border Payments
23 Apr 2024
Media Releases
The Reserve Bank of Australia (RBA) today released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries.
https://www.rba.gov.au/media-releases/2024/mr-24-07.html
December: 1997-Next Steps and Conclusions
9 Mar 2023
Media Release
As was the conclusion of the 1996 CPSS report, it would be preferable for the private sector to develop a solution. ... Indeed, the recent Financial System Inquiry recommended that the RBA give high priority to promoting cost-effective control of
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
One reason for this may be the relatively high levels of banking sector concentration – and therefore correspondent banking facilities – in these countries. ... In setting and then monitoring settlement limits on individual counterparties, financial
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html
December: 1997-Glossary
9 Mar 2023
Media Release
Austraclear. A private sector company that operates the main securities depository in Australia. ... Such a failure may cause significant liquidity or credit problems and, as a result, might threaten the stability of financial markets.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.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: 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
2022 Triennial Central Bank Survey Results for Foreign Exchange and Derivative Markets – Australia
28 Oct 2022
Media Releases
192.1. 181.7. 121.3. 119.1. 150.4. Financial institutions - reporting dealers. 48.0. ... 1.7. 1.2. 0.4. 1.4. Official sector financial institutions. -. -. -. -.
https://www.rba.gov.au/media-releases/2022/mr-22-35-tables.html
White Paper on CBDC Research Project
26 Sep 2022
Media Releases
The Digital Finance Cooperative Research Centre and the Reserve Bank have today released a White Paper Australian CBDC Pilot for Digital Finance Innovation, that explains the objectives and approach of a project to explore use cases for a
https://www.rba.gov.au/media-releases/2022/mr-22-31.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
6 Sep 2022
Media Releases
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 2.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 2.25 per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-28.html
Reserve Bank and Digital Finance Cooperative Research Centre to Explore Use Cases for CBDC
9 Aug 2022
Media Releases
The DFCRC's mission is to bring together stakeholders in the finance industry, academia and regulatory sectors to develop and harness the opportunities arising from the next transformation of financial markets –
https://www.rba.gov.au/media-releases/2022/mr-22-23.html