All posts tagged "RBA"
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437Australia & NZDemand for Stablecoin, CBDC Not Yet Established: RBA
A retail CBDC could ultimately hurt commercial banks, as it would translate to a fall in deposits and a reduction in the availability of funds for lending to households and businesses, the RBA says.
January 13, 2020 -
285AML / KYC
RBA Underlines High Cost of Cross-Border Transfers via Big Banks
The average mark-up over the wholesale exchange rate is around 5.5% for the major banks, versus about 1% for the digital money transfer services, said RBA governor Philip Lowe.
December 11, 2019 -
1.2KAustralia & NZEFS Reporting for Derivatives to Start in Q3 2020: APRA
APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.
November 23, 2019 -
330Australia & NZAustralia Consults on Financial Market Infrastructure Regulatory Reforms
The proposed reforms will enhance the licensing and supervisory regime for financial market infrastructures and introduce a resolution regime for clearing and settlement facilities.
November 19, 2019 -
213Australia & NZ
APRA Seeks Standardised Quarterly Reporting Dates
The proposed standardised due date is 35 calendar days after the last day of the reference quarter, which will create a 14 calendar day extension for credit unions and building societies.
November 13, 2019 -
435Australia & NZAustralia: Smaller Institutions, Buy Side Less Prepared for Libor Cessation
Existing Libor-referencing contracts that don’t have robust fallback provisions in place will be tied up in very lengthy disputes, warned the RBA’s Christopher Kent at ISDA’s Australia Conference.
October 24, 2019 -
242Australia & NZACCC to Probe Banks on Mortgage Pricing Decision-making
The ACCC is commencing an inquiry to find out why banks are not fully passing on interest rate cuts to borrowers, and what prevents customers from switching to cheaper lenders.
October 15, 2019 -
398Australia & NZASX Entities Need Stronger Legal Basis to Access Risk Capital
In its latest assessment of ASX’s clearing and settlement facilities, the RBA says the facilities need to strengthen their legal basis to access general business risk capital.
September 27, 2019 -
459Australia & NZ
Australia Issues Follow-up Paper on ISO 20022 Migration for Payments
The paper summarises the responses from the April consultation and puts forward potential implementation options for consideration.
September 14, 2019 -
635AML / KYCAustralia Records Decline in Payment Fraud Rates
AusPayNet’s latest data shows a decline in the overall rate of card fraud for 2018, alongside slower growth in online fraud.
August 9, 2019
