All posts tagged "RBA"

CHESS Replacement ‘Critical’ to Manage Systemic Risk: RBA

Replacing CHESS with more modern technology is critical to ASX's ongoing management of systemic risk, said RBA assistant governor Michele Bullock.

APRA to Amend Liquidity Rules for Banks – Report

The changes will require banks to decrease their holdings of private sector liquid assets in favour of buying more government debt.

RBA Expands Low-cost Term Lending Facility for Banks

The expansion brings the total available funding under the term lending facility to about A$200 billion, said RBA governor Philip Lowe.

Westpac to ‘Proactively’ Switch Merchants to Least Cost Routing

The RBA has signalled it was considering taking regulatory action to force banks to move faster in moving merchants from Mastercard and Visa to lower cost networks.

ASIC to Seek Reforms to Responsible Lending Laws

ASIC has decided not to appeal the dismissal of its responsible lending case against Westpac; instead it will review its existing guidance and recommend legislative reforms.

Australia Considers Consolidation of Payment Infrastructures

Australia to Further Tighten Foreign Investment Approval Process

Under the new regime, a new "last resort power" will allow the Treasurer to force divestment on national security grounds even after approval is granted.

RBA Invites Tenders for Transaction Processing and Settlement System

The new system should be able to process SWIFT FIN messaging under ISO 20022 as well as the existing SWIFT MT throughout a three-year coexistence period.

‘Now is the Time’ for Banks to Use Buffers: APRA, RBA

APRA's Wayne Byres and the RBA's Philip Lowe said buffers were built up to be used in times of stress, and lower capital ratios are both expected and appropriate.

Banks Sufficiently Capitalised to Pay Dividend, says RBA Governor

Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.