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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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References | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
Norman P (2011), The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets, Wiley, Chichester. ... Singh M and J Aitken (2009), ‘Counterparty Risk, Impact on Collateral Flows and Role for Central Counterparties’,.
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/references.html
The Future System for Monetary Policy Implementation - Consultation Paper - April 2024
15 Apr 2024
Consultations
PDF
720KB
6. Operational effectiveness. An operationally effective system minimises operational risks and costs to the central bank and its counterparties. ... It is also an important financial benchmark for the risk-free rate in Australia.
https://www.rba.gov.au/publications/consultations/202404-future-system-for-monetary-policy-implementation-in-australia/pdf/202404-the-future-system-for-monetary-policy-implementation-in-australia.pdf
The Australian Debit Card Market: Default Settings and Tokenisation
28 Sep 2023
Consultations
PDF
404KB
factors. • Departing from global EMVCo standards would risk failed transactions and possibly unintended. ... either be practically ineffectual or would risk failed transactions and additional frictions/poor customer.
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/pdf/202309-conclusions-paper-australian-debit-card-market.pdf
The Australian Debit Card Market: Default Settings and Tokenisation
19 Jun 2023
Consultations
PDF
397KB
authorisation process, reducing the risk of a PAN being compromised when passed from a payment. ... the security risk that tokenisation is designed to address. To achieve the full security benefits of.
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/pdf/202306-issues-paper-australian-debit-card-market.pdf
Migration Approach | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019
31 Dec 2002
Consultations
Figure 7: Risks and Challenges. Most respondents preferred a domestic coexistence phase to support the transition from existing MT messages to ISO 20022 messages. ... A phased approach should reduce the risk of managing widespread changes across multiple
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/migration-approach.html
ISO 20022 Migration for the Australian Payments System – Responses and Options Paper
11 Sep 2019
Consultations
PDF
1175KB
Key. reasons provided for supporting the implementation of enhanced content included improved risk. ... Figure 7: Risks and Challenges. 4.1.2 Migration strategy, timing and coexistence.
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/pdf/consultation-paper.pdf
The RBA's Response to Consultation on its Proposed RMBS Reporting Templates | Consultations
10 Oct 2012
Consultations
The RBA's Response to Consultation on its Proposed RMBS Reporting Templates
https://www.rba.gov.au/publications/consultations/201210-response-re-new-rmbs-reporting-templates/
7. Conclusions | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations
7 Jun 2011
Consultations
Notwithstanding this, the risk of fraud was identified as being the most significant deterrent to further adoption of online payments.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/conclusions.html
The Operation of the Interchange Standards: Consultation Paper
28 Feb 2019
Consultations
PDF
990KB
the desirability of payment systems being safe, efficient, competitive, and not materially causing or contributing to increased financial system risk. ... b) is a Merchant that accepts, or is a Related Body Corporate of a Merchant that accepts, a Credit
https://www.rba.gov.au/publications/consultations/201902-operation-of-the-interchange-standards/pdf/201902-operation-of-the-interchange-standards.pdf
Policy Options | Review of Card System Access Regimes: A Consultation Document May 2013 | Consultations
28 May 2013
Consultations
In addition, in the absence of other criteria, merely being an ACL holder may not be sufficient in terms of the management of potential risks arising from participation. ... New eligibility thresholds could be created to cater for different classes of
https://www.rba.gov.au/publications/consultations/201305-review-card-sys-access-regimes/policy-options.html