Central Banking

RBA should improve RTGS risk management – internal report

Reserve Bank of Australia
Photo: Alex Towle

Australia’s central bank should improve oversight of external contractors who maintain its critical payment systems, according to a new internal report.

The Reserve Bank of Australia’s payments policy department published its annual assessment of the central bank’s real-time gross settlement system, knowns as RITS, today (June 17).

The RBA describes the report as “independently prepared by the bank’s payments policy department and endorsed by the payments system board”.

There are currently

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