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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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Increasing the Threshold for the Application of the Financial Stability Standards for Securities Settlement Facilities | Consultations
24 Nov 2023
Consultations
Consultation on Increasing the Threshold for the Application of the Financial Stability Standards for Securities Settlement Facilities - November 2023
https://www.rba.gov.au/publications/consultations/2023-11-increasing-the-fss-threshold-for-sffs/
Macro-prudential Policy in a Neo-Fisherian Model of Financial Innovation
12 Dec 2011
Research Workshop
PDF
1171KB
Reserve Bank of Australia Workshop 2011
https://www.rba.gov.au/publications/workshops/research/2011/pdf/mendoza.pdf
Central Clearing of Over-the-counter (OTC) Derivatives in Australia - June 2011
15 Jul 2011
Consultations
PDF
875KB
A discussion paper issued by the Council of Financial Regulators
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/pdf/201106-otc-derivatives.pdf
Central Clearing of OTC Derivatives | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
Moreover, recognising that individual market participants may not fully internalise the costs of higher systemic risk arising from bilateral arrangements, and so not have an incentive to move to a CCP, ... Therefore, while the benefits to participants of
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/central-clearing-otc-derivatives.html
Executive Summary | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
On the other hand, there might be systemic risk implications if a greater concentration of exposures or dependencies among market participants resulted from a shift to centrally cleared arrangements. ... Of course, the greatest concentration of risk is
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/executive-summary.html
Increasing the Threshold for the Application of the Financial Stability Standards for Securities Settlement Facilities
23 Nov 2023
Consultations
PDF
511KB
The Bank first introduced a threshold in 2005. This was intended to ensure that operators of small SSFs, which are unlikely to pose systemic risk to the Australian financial system, are ... This includes the obligation to reduce systemic risk as far as
https://www.rba.gov.au/publications/consultations/2023-11-increasing-the-fss-threshold-for-sffs/pdf/2023-11-increasing-the-fss-threshold-for-sffs.pdf
Background | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
We ask the FSB [Financial Stability Board] and its relevant members to assess regularly implementation and whether it is sufficient to improve transparency in the derivatives markets, mitigate systemic risk, and ... Regulators have recognised that not
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/background.html
Credit, Money, Interest and Prices
26 Nov 2018
Research Workshop
PDF
1403KB
It is never efficient to chosethe safe endowment because endowment risk is idiosyncratic. ... 5. idiosyncratic risk increases and output falls as this leads to misallocation across sectors and lessinvestment.
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-bigio.pdf
Heterogeneous Global Cycles ∗ Maryam Farboodi MIT Péter Kondor ...
2 Dec 2018
Research Workshop
PDF
3705KB
the interaction between risk-shifting incentives of banks and sovereigns (Farhi and Tirole, 2016),. ... technology to firms. All agents are risk neutral, and there is no discounting.
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-farboodi.pdf
Costs and Benefits of a Repo CCP – Issues for Consultation | Central Clearing of Repos in Australia: A Consultation Paper | Consultations
6 Mar 2015
Consultations
In terms of benefits, the Bank's focus is on the scope for central clearing of repos to deliver material systemic risk reduction and market functioning benefits through multilateral netting, enhanced ... Therefore, to the extent that risks in a
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/costs-benefits-repo-ccp.html