Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
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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
Statement by Philip Lowe, Governor: Monetary Policy Decision
1 Jun 2021
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including: the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond; the parameters of the government bond purchase
https://www.rba.gov.au/media-releases/2021/mr-21-09.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
7 Jul 2020
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.
https://www.rba.gov.au/media-releases/2020/mr-20-17.html
Payments System Board Update: May 2023 Meeting
25 May 2023
Media Releases
Today’s Payments System Board meeting discussed the Bank’s targeted self-assessment of Australia's real-time gross settlement system against the relevant international standards, the pricing of New Payments Platform services, competition in the
https://www.rba.gov.au/media-releases/2023/mr-23-11.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
6 Oct 2020
Media Releases
Over the past six months, the Australian economy has been supported by a substantial easing of fiscal policy. ... Both fiscal and monetary support will be required for some time given the outlook for the economy and the prospect of high unemployment.
https://www.rba.gov.au/media-releases/2020/mr-20-24.html
Strengthening the RBA's Payments Infrastructure
30 May 2023
Media Releases
In January 2023, the Reserve Bank of Australia commissioned a comprehensive review of the operating environment supporting the Reserve Bank Information and Transfer System (RITS). This system is a critical part of Australias payments
https://www.rba.gov.au/media-releases/2023/mr-23-12.html
Memorandum of Understanding ASIC & RBA
20 Mar 2002
Media Releases
Memorandum of Understanding between ASIC and the RBA covering their respective responsibilities under the Corporations Act 2001 in relation to clearing and settlement facilities
https://www.rba.gov.au/media-releases/2002/mr-02-08.html
BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa will test CBDCs for international settlements
2 Sep 2021
Media Releases
BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa will test CBDCs for international settlements. Project Dunbar will develop prototypes for shared platforms that will enable international settlements with
https://www.rba.gov.au/media-releases/2021/mr-21-18.html
Payments System Board Update: February 2024 Meeting
29 Feb 2024
Media Releases
Today’s Payments System Board meeting discussed the annual review of payment systems operating in Australia, the Advanced Encryption Standard (AES) migration, FMI regulatory reforms, payments regulatory reform, policy issues regarding mobile
https://www.rba.gov.au/media-releases/2024/mr-24-03.html
Assessment of ASX Clearing and Settlement Facilities – October 2023
9 Oct 2023
Media Releases
The Reserve Bank of Australia today released the 2023 Assessment of the ASX Clearing and Settlement Facilities. This assesses the performance of the ASX CS Facilities against the Bank’s Financial Stability Standards (FSS).
https://www.rba.gov.au/media-releases/2023/mr-23-27.html