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Reserve Bank of Australia Monetary Policy Board Appointment

The Reserve Bank of Australia announced the appointment of Professor Bruce Preston to its Monetary Policy Board. This notice also acknowledges the contributions of Alison Watkins, whose term concludes on February 28, 2026.

RBA Guidance for Australian Clearing and Settlement Facility Resolution Regime

The Reserve Bank of Australia (RBA) has published final guidance on its Clearing and Settlement (CS) Facility Resolution Regime. This guidance, developed after a consultation period, outlines the RBA's approach to using its resolution powers over CS facilities to ensure financial system stability.

RBA Update on BECS Decommissioning Recommendations

The Reserve Bank of Australia (RBA) has released an update on industry progress regarding the decommissioning of the Bulk Electronic Clearing System (BECS). While acknowledging industry efforts, the RBA notes that risks persist due to a lack of consensus on the future of account-to-account payments.