Category Archives: Finance
Final Incident Report – RBA Technology Outage on 12 October
Source link – Reserve Bank of Australia The Bank today released its Final Incident Report, RITS and FSS Incident – 12 October. This report was released to RITS members on 11 November and summarises the causes and impacts of the IT disruption which occurred on 12 October. A range of action items following from the incident are …
Payments System Board Update: November 2022 Meeting
Source link – Reserve Bank of Australia At its meeting today, the Payments System Board discussed a number of issues, including: The technology outage at the Reserve Bank on 12 October that disrupted the payments system. The Board has requested that the Bank commission a wide-ranging and comprehensive external review of the incident and the Banks…
ASIC – RBA joint statement on ASX CHESS replacement program
Source link – Reserve Bank of Australia ASIC and the Reserve Bank of Australia (RBA) (the regulators) note ASXs announcement on the CHESS Replacement program. ASXs announcement marks a significant setback to the replacement of critical national infrastructure for Australias cash equity markets and now brings into sharp focus the longevity of the existing CHESS…
Review of the RBAs Approach to Forward Guidance
Source link – Reserve Bank of Australia The Bank today released the Review of the RBAs Approach to Forward Guidance. This review is one element of a broader set of reviews the Board has undertaken of the monetary policies it adopted in response to the pandemic. The purpose of the reviews is to be transparent…
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.85 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 2.75 per cent. As is the case in most countries, inflation in Australia is too high. Over the…
2022 Triennial Central Bank Survey of Foreign Exchange and Derivative Markets
Source link – Reserve Bank of Australia The Reserve Bank of Australia has today released a summary of findings from the latest triennial survey of turnover in foreign exchange (FX) and over-the-counter (OTC) interest rate derivatives markets that was conducted in the Australian market in April 2022. This was part of a global survey that…
Technology Outage
Source link – Reserve Bank of Australia Technology Outage Source link – Reserve Bank of Australia
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia Statement by Philip Lowe, Governor: Monetary Policy Decision Source link – Reserve Bank of Australia
Assessment of ASX Clearing and Settlement Facilities – September 2022
Source link – Reserve Bank of Australia The Reserve Bank today released the 2022 Assessment of the ASX Clearing and Settlement Facilities. The Bank concluded that ASX’s clearing and settlement (CS) facilities have conducted their affairs in a way that promotes overall stability in the Australian financial system. However, ASX will need to place a…
White Paper on CBDC Research Project
Source link – Reserve Bank of Australia The Reserve Bank is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC) in Australia. As noted in a media release on 9 August, the project will also be an opportunity to further…