The Reserve Bank of Australia (RBA) has released its Guidance on the Australian Clearing and Settlement (CS) Facility Resolution Regime, accompanied by a Response to Consultation that outlines stakeholder feedback. The Guidance clarifies how the RBA may exercise its crisis‑resolution powers—granted by the 2024 Treasury Laws Amendment—to address threats to critical CS facilities. While the Guidance is non‑binding and subordinate to legislation, it aims to help participants anticipate regulatory actions. The publication follows a June 2025 consultation and reflects the RBA’s commitment to market stability.
The Reserve Bank of Australia announced that Professor Bruce Preston has been appointed to the Monetary Policy Board, effective immediately. Preston brings a distinguished academic record and extensive experience in public‑policy economics. Governor Michele Bullock also thanked outgoing board member...