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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.