RBA revamps clearing and settlement to meet FMI standards

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The Reserve Bank of Australia (RBA) today (December 5) published its final financial stability standards for clearing and settlement facilities operating in Australia to meet new rules on financial market infrastructures (FMI).

The rules incorporate stakeholder comments following the release of a draft document in August this year. The draft rules incorporated 21 of the 24 principles set out by the Bank for International Settlements' Committee on Payment and Settlement Systems for central counte

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