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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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December: 1997-Glossary
9 Mar 2023
Media Release
See payment versus payment. RBA. Reserve Bank of Australia. Replacement cost risk/replacement risk. ... SWIFT. Society for Worldwide Interbank Financial Telecommunication. Systemic risk. The risk that the failure of one participant in a payments system,
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html
RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
Media Release
PDF
268KB
ANNEX E - GLOSSARY. v. EXECUTIVE SUMMARY. Trading in foreign exchange markets involves the management of many risks,including liquidity risk, exchange rate (market) risk and operational risk. ... One of thelargest risks facing foreign exchange dealers is
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf
Assessment of ASX Clearing and Settlement Facilities – October 2020
1 Oct 2020
Media Releases
The Reserve Bank today released the October 2020 Assessment of the ASX Clearing and Settlement Facilities.
https://www.rba.gov.au/media-releases/2020/mr-20-22.html
Payments System Board Update: May 2021 Meeting
21 May 2021
Media Releases
At its meeting today, the Payments System Board discussed the Bank's review of retail payments regulation, the annual assessment of Australia's real-time gross settlement system, regulatory reforms for financial market infrastructures, initiatives
https://www.rba.gov.au/media-releases/2021/mr-21-07.html
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
And this is the minimum value at risk existing at any point in time. ... What must be understood, though, is that foreign exchange settlement risk entails much more than risk to a single counterparty; in times of instability, it can rapidly escalate into
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html
Joint Letter of Expectations to ASX
29 Aug 2023
Media Release
PDF
118KB
all other things necessary to reduce systemic risk.
https://www.rba.gov.au/media-releases/2023/pdf/mr-23-22-asic-rba-joint-letter-to-asx-clear-and-asx-settlement-cs-advisory-group.pdf
The RBA Committed Liquidity Facility
16 Nov 2011
Media Releases
As foreshadowed last December, the Reserve Bank will provide a committed liquidity facility (CLF) as part of Australia's implementation of the Basel III liquidity reforms
https://www.rba.gov.au/media-releases/2011/mr-11-25.html
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15 Sep 2003
Media Release
PDF
152KB
development process, where systemic risk does not exist and any risk to the users of the facility is negligible. ... Guaranteed facilities. Other payment facilities may also pose little risk to the community.
https://www.rba.gov.au/media-releases/2003/pdf/mr-03-11-discussion-paper.pdf
Payments System Issues
20 May 2009
Media Releases
At its meeting on 15 May 2009, the Payments System Board considered issues relating to clearing and settlement facilities, and the industry's progress on meeting the Board's conditions if it is to step back from interchange regulation
https://www.rba.gov.au/media-releases/2009/mr-09-10.html
Payments System Board Update: February 2022 Meeting
17 Feb 2022
Media Releases
Today’s Payments System Board meeting discussed payments system regulatory reforms, systemically important payment systems, critical infrastructure reforms, banknote distribution arrangements and CBDC developments.
https://www.rba.gov.au/media-releases/2022/mr-22-03.html