Search: systemic risks
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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Safety and Stability
25 Sep 2003
PSB Annual Report
– 2003
If these risks are not managed prudently, a central counterparty may be a source of systemic risk in the event of shocks to financial markets or to the economy more broadly. ... Corporations Act 2001. to do all other things necessary to reduce systemic
https://www.rba.gov.au/publications/annual-reports/psb/2003/safety-stability.html
Box D: Cyber Risk
20 Oct 2018
FSR
– October 2018
Surveys of financial institutions show that cyber risk was considered one of the highest risks they faced in 2017, having not even been considered a top ten risk four years earlier. ... Lagarde C (2018), ‘Estimating Cyber Risk for the Financial
https://www.rba.gov.au/publications/fsr/2018/oct/box-d.html
Financial Stability Review
15 Nov 2023
FSR
- October 2023
PDF
4631KB
https://www.rba.gov.au/publications/fsr/2023/oct/pdf/financial-stability-review-2023-10.pdf
Box A: International Banks' Response to Climate Risk
8 Apr 2022
FSR
– April 2022
The 31 largest banks across major advanced economies have added climate-related risks to their risk management frameworks. ... See Kearns J (2021), ‘Evolving Bank and Systemic Risk’, Speech at the 34th Australasian Finance and Banking Conference,
https://www.rba.gov.au/publications/fsr/2022/apr/box-a-international-banks-response-to-climate-risk.html
Safety and Stability
11 Nov 2004
PSB Annual Report
– 2004
The facility must ensure that settlement occurs on a final and irrevocable basis, reducing the risk of systemic disturbance by eliminating principal risk. ... materially contribute to systemic risk, particularly given that a central counterparty no
https://www.rba.gov.au/publications/annual-reports/psb/2004/safety-stability.html
Financial Stability Assessment
22 Mar 2024
FSR
– March 2024
Financial Stability Assessment | Financial Stability Review – March 2024
https://www.rba.gov.au/publications/fsr/2024/mar/financial-stability-assessment.html
Household and Business Finances
8 Apr 2022
FSR
– April 2022
Looking further ahead, medium-term systemic risks remain elevated and so it is critical that lending standards remain strong. ... As a result, the ratio of household credit to income has increased slightly from an already-high level, which contributes to
https://www.rba.gov.au/publications/fsr/2022/apr/household-business-finances.html
Household and Business Finances in Australia
8 Oct 2021
FSR
– October 2021
corrections. To address rising systemic risks, the Australian Prudential Regulation Authority (APRA) has announced a 50 basis point increase to the serviceability assessment rate it expects banks to use to assess ... Endnotes. For further details, see
https://www.rba.gov.au/publications/fsr/2021/oct/household-business-finances-in-australia.html
Overview
21 Nov 2022
FSR
- October 2022
PDF
144KB
https://www.rba.gov.au/publications/fsr/2022/oct/pdf/overview.pdf
Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
9575KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/rba-annual-report-2023.pdf