Reserve Bank of Australia
The Reserve Bank of Australia, or RBA, is the central bank of Australia. It conducts monetary policy, determines the payments system policy, and works to maintain a stable financial system, amongst other functions.
Australia to scrap card surcharges in October
Australia to scrap card surcharges in October
The RBA noted businesses charging the same rate on all cards.
1 day ago
CBA says RBA interchange reforms risk hurting Aussie firms
The Australian bank agreed that debit and credit surcharging should be eliminated.
Australia, New Zealand propose reforms on AT1 capital rules
New Zealand wants to remove AT1 capital and introduce more granular standardised weights for credit risk.
Aussie regulators update MOU to strengthen financial stability cooperation
The updated MOU sets out their respective roles for contributing to financial stability.
Australia floats removing surcharge on card payments, lowering interchange fee cap
Lowering the cap could save businesses $1.2b in fees per year.
Banks to participate in Australia’s tokenised asset settlement research
There will be 24 use cases explored in the project.
Australia says industry not ready to decommission BECS
The industry does not have a shared vision or transition plan yet.
BIS, central banks embed regulatory compliance in cross-border payments
Project Mandala has now reached proof of concept stage.
Little clear interest in a retail CBDC in Australia: central bank
Regulators are keen to pursue wholesale CBDCs.
Australia proposes central clearing of bonds and repos
Financial regulators are inviting feedback to reassess its possible implementation.
Australia’s central bank names first-ever COO
Susan Woods has served as Assistant Governor (Corporate Services) at RBA since 2018.
Australia to amend retail payments regulation in 2024: governor
Reforms will include better cost transparency from BNPL, mobile wallets.
Weekly Global News Wrap: Australia iffy with digital currency; JP Morgan eases overdraft fees
And UBS Switzerland to propose a new board chairman.
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