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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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A Strategic Plan for the Payments System
6 Jun 2023
Submissions
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539KB
payment systems are growing and creating greater risk of disrupting economic activity and financial. ... to gain direct access. Payment system operators often rely on the risk management requirements.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf
Inquiry by the Senate Economics References Committee into Bank Funding Guarantees – Joint Submission from the RBA and APRA
27 Jul 2009
Submissions
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98KB
Inquiry into the Bank Funding Guarantees
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-bank-funding-guarantees/pdf/inquiry-bank-funding-guarantees.pdf
Submission to the Inquiry into Digital Currency
1 Dec 2014
Submissions
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652KB
https://www.rba.gov.au/publications/submissions/payments-system/pdf/inquiry-digital-currency-2014-11.pdf
Submission to the Inquiry into Development of the Commonwealth Performance Framework
18 Jun 2015
Submissions
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206KB
Inquiry into Development of the Commonwealth Performance Framework
https://www.rba.gov.au/publications/submissions/other/pdf/inquiry-development-of-commonwealth-performance-framework.pdf
Supplementary Submission to the Senate Select Committee on Financial Technology and Regulatory Technology
9 Feb 2021
Submissions
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565KB
For example, a CBDC could improve the speed, cost and robustness of payments, reduce settlement risk in certain transactions and enable new kinds of ‘programmable money’. ... FINMA is considering the application and has indicated that Diem will be
https://www.rba.gov.au/publications/submissions/payments-system/pdf/supplementary-submission-technology-12-2020.pdf
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates
14 Aug 2015
Submissions
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905KB
Sources: ABS; APRA; RBA. Credit risk to banks. There is relatively limited information available on the risk of credit card lending. ... over all users of credit cards; it is reasonable to assume that banks’ risk models expect lower loss rates.
https://www.rba.gov.au/publications/submissions/financial-sector/pdf/inquiry-matters-relating-to-credit-card-interest-rates-2015-08.pdf
Application for Interim Authorisation in Relation to a Joint Communications Strategy for PIN@POS - 19 July 2013
2 Sep 2013
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963KB
Personal Identification Number at Point of Sale (PIN@POS)
https://www.rba.gov.au/publications/submissions/payments-system/pdf/applications-for-authorisation-re-pin@pos-2013-07.pdf
Submission to the Senate Select Committee on Australia as a Technology and Financial Centre - July 2021
19 Jul 2021
Submissions
PDF
610KB
De-banking’ risks appear to reflect a range of factors, including financial institutions’ focus on the profitability of their relationships, ‘know your customer’ (KYC) compliance costs, and apparent heightened risk aversion ... Difficulties in
https://www.rba.gov.au/publications/submissions/payments-system/pdf/inquiry-into-australia-as-a-technology-and-financial-centre.pdf
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology
9 Jan 2020
Submissions
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797KB
also ensuring that operational, liquidity and other risks associated with ESAs are appropriately. ... prudentially supervised by APRA, which reduces counterparty risks to other participants and relieves.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/pdf/financial-and-regulatory-technology.pdf
Proposed Merger Between Armaguard and Prosegur
17 Apr 2023
Submissions
PDF
228KB
environment and mitigates the risk of (disorderly) exit of one of the Applicants. ... However, there are risks that the cost-plus nature of the pricing model may not adequately incentivise MergeCo to find efficiency savings in its operations moving
https://www.rba.gov.au/publications/submissions/payments-system/pdf/proposed-merger-armaguard-and-prosegur-submission-april-2023.pdf