Sarah Harris has been appointed to the position of Head of Payments Settlements at the Reserve Bank of Australia. This position was previously held by Greg Johnston, who is now leading the program of work designed to strengthen the RBA’s payments infrastructure.

Sarah Harris has been appointed to the position of Head of Payments Settlements at the Reserve Bank of Australia. This position was previously held by Greg Johnston, who is now leading the program of work designed to strengthen the RBA’s payments infrastructure.

Media Release Number 2023-28: The Reserve Bank welcomes the publication today of harmonised ISO 20022 data requirements for cross-border payments by the Bank for International Settlements’ Committee on Payment and Market Infrastructures (“CPMI ISO 20022 data requirements”).

Media Release Number 2023-27: The Reserve Bank of Australia today released the 2023 Assessment of the ASX Clearing and Settlement Facilities. This assesses the performance of the ASX CS Facilities against the Bank’s Financial Stability Standards (FSS). The ASX CS facilities were rated as having “observed” or “broadly observed” most of the FSS. The Bank recognises there has been improved engagement and an increased commitment to transparency from the ASX. The Bank welcomes this development and considers it important that it continues.

Media Release Number 2023-26: The BIS Innovation Hub Singapore Centre, Reserve Bank of Australia, Bank of Korea, Bank Negara Malaysia, and Monetary Authority of Singapore today launched Project Mandala.

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.

The Reserve Bank of Australia has released a Conclusions Paper setting out the conclusions of its recent public consultation on options for further enhancing the competitiveness, efficiency and safety of Australia’s debit card market.

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.

The RBA and the DFCRC today released a report on the findings from a research project that explored potential use cases for a CBDC in Australia.

Today’s Payments System Board meeting discussed the annual Assessment of the ASX clearing and settlement facilities against the Financial Stability Standards, the oversight of international financial market infrastructures, prominent payment systems, competition in the debit card market, improving the security of debit card transactions in the online environment, and international and domestic work on central bank digital currency.