RBA plans to review retail payments regulation

Governor Michele Bullock outlines plans to modernise Australia’s payments system

Michele Bullock, RBA
Michele Bullock

Australia’s central bank governor Michele Bullock has outlined a plan to modernise the country’s payments system, including launching a review of existing retail payments regulation.

The Reserve Bank of Australia (RBA) will also continue its research on central bank digital currencies (CBDCs) and support the phase-out of a long-running electronic funds transfer system, Bullock said.

Speaking at a payments summit on December 12, Bullock noted the Australian government has introduced a bill to give

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

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