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RBA Glossary definition for systemic risks
systemic risks – Events which may jeopardise financial system stability and cause harm to the real economy. For example, the Y2K problem was regarded as such a risk. They may include the risk that the failure of one participant in a payments system, or in financial markets generally, to meet their required obligations 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.
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Key Policy Design Considerations | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
The Council agencies are of the view that any mandatory requirement to centrally clear products should take into account both the potential systemic risk reduction benefits of central clearing over bilateral ... This suggests that, in practice, the only
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/key-policy-design-considerations.html
Central Clearing of Repos in Australia: A Consultation Paper
25 May 2015
Consultations
PDF
389KB
Authorities should evaluate, with a view to mitigating systemic risks, the costs and benefits of proposals to introduce CCPs in their inter-dealer repo markets where CCPs do not exist. ... and the foreign exchange market.10 Based on this previous work,
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/pdf/201503-central-clearing-of-repos-in-australia.pdf
Proposed Clearing Regime Design and Application | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
the potential reduction of systemic risk that might result from this move;. ... the potential contribution to systemic risk of these participants; and. harmonisation with international requirements.
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/proposed-clearing-regime-design.html
Central Clearing of Repos in Australia: Conclusions
28 Oct 2015
Consultations
PDF
306KB
Authorities should evaluate, with a view to mitigating systemic risks, the costs and benefits of proposals to introduce CCPs in their inter-dealer repo markets where CCPs do not exist. ... The Bank is responsible for ensuring that CCPs comply with the
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/conclusions/pdf/central-clearing-of-repos-in-australia-conclusions-2015-10.pdf
Key Features of Repo CCPs | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
Based on this previous work, CCP clearing may be expected to contribute to reduced systemic risk and increased operational efficiency by:. ... This potentially lowers replacement cost risk relative to the non-centrally cleared alternative.
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/key-features-repo-ccp.html
Options for Reform | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document December 2013 | Consultations
6 Dec 2013
Consultations
As discussed, cardholders generally do not face risks from the MasterCard and Visa systems and risks within those systems are not of a magnitude to generate systemic risk. ... The proposed requirement for the schemes to have transparent risk-based
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/options-reform.html
ISO 20022 Migration for the Australian Payments System – Issues Paper
7 Apr 2019
Consultations
PDF
1644KB
A consultation paper issued by the Reserve Bank of Australia and the Australian Payments Council - April 2019
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/pdf/issues-paper.pdf
Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document - December 2013
6 Dec 2013
Consultations
PDF
608KB
MasterCard and Visa Access Regimes
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/pdf/20131206-prop-variations-to-mc-visa-access-regimes.pdf
Objectives of an Efficient Payments System | Strategic Review of Innovation in the Payments System: Issues for Consultation June 2011 |…
7 Jun 2011
Consultations
Payment systems have the potential to generate a number of risks for participants, most notably credit risk. ... Managing these risks is an important focus of design for systems processing large values, but all systems should have risk-management
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/objectives-efficient.html
The Australian Repo Market | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
replacement cost). For the cash provider, this replacement cost risk is mitigated by the haircut on the collateral that it has received. ... In addition to regulatory constraints on counterparty exposures, institutions' internal risk management
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/australian-repo-market.html