• Latest
  • Trending
  • All

Payments System Board Update: August 2020 Meeting

August 21, 2020 14:45
Dollar lacks upside momentum due to lower Treasury yields

Dollar stays afloat as gold rally pauses

December 5, 2023 07:00
Stocks mixed while gold at fresh all-time highs to start the week

Stocks mixed while gold at fresh all-time highs to start the week

December 4, 2023 08:00
Stocks mixed, dollar indecisive to start the new month

Stocks mixed, dollar indecisive to start the new month

December 1, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

USD keeps refreshing August lows

November 30, 2023 07:00
Global stocks mixed with Fed and China in focus

Global stocks mixed with Fed and China in focus

November 29, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar needs fresh impetus

November 28, 2023 07:00
Risk demand keeps waning in muted trading

Risk demand keeps waning in muted trading

November 27, 2023 08:00
Markets mixed in subdued holiday trading

Markets mixed in subdued holiday trading

November 24, 2023 09:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback struggles to retain demand

November 23, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar attracts some demand

November 22, 2023 07:00
Markets await Fed Minutes

Markets await Fed Minutes

November 21, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

USD retains bearish bias to start the week

November 20, 2023 07:00
  • Terms & Сonditions
  • Contact
Wednesday, December 6, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed, dollar indecisive to start the new month

    Stocks mixed, dollar indecisive to start the new month

    Global stocks mixed with Fed and China in focus

    Global stocks mixed with Fed and China in focus

    Risk demand keeps waning in muted trading

    Risk demand keeps waning in muted trading

    Markets mixed in subdued holiday trading

    Markets mixed in subdued holiday trading

    Markets await Fed Minutes

    Markets await Fed Minutes

    Risk rally wanes ahead of the weekend

    Risk rally wanes ahead of the weekend

    Markets cautiously await US inflation data

    Markets cautiously await US inflation data

    Powell triggered risk aversion across markets

    Powell triggered risk aversion across markets

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed, dollar indecisive to start the new month

    Stocks mixed, dollar indecisive to start the new month

    Global stocks mixed with Fed and China in focus

    Global stocks mixed with Fed and China in focus

    Risk demand keeps waning in muted trading

    Risk demand keeps waning in muted trading

    Markets mixed in subdued holiday trading

    Markets mixed in subdued holiday trading

    Markets await Fed Minutes

    Markets await Fed Minutes

    Risk rally wanes ahead of the weekend

    Risk rally wanes ahead of the weekend

    Markets cautiously await US inflation data

    Markets cautiously await US inflation data

    Powell triggered risk aversion across markets

    Powell triggered risk aversion across markets

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Payments System Board Update: August 2020 Meeting

Payments System Board Update: August 2020 Meeting

by FWNews
August 21, 2020 14:45
in Rates
0

At its meeting today, the Payments System Board discussed a number of issues, including:

  • The impact of the COVID-19 pandemic on the Australian payments system. Payment system operators
    and retail payment service providers have continued to cope well with the operational challenges posed
    by the pandemic. Financial market infrastructures have also continued to perform well in recent
    months.
  • The assessment of the ASX clearing and settlement facilities against the Bank’s Financial
    Stability Standards. The Board approved the Bank’s 2020 assessment, which will be published after
    it has been provided to the Treasurer and the Australian Securities and Investments Commission.
  • The Review of Retail Payments Regulation. While the Review remains on hold, staff have continued work
    in several areas. The Board discussed preliminary proposals for improving price transparency in the
    merchant acquiring market. The Bank is planning to step up consultation with stakeholders with a view
    to formally restarting the Review in the next few months.
  • Recent changes in the use and acceptance of cash associated with the COVID-19 pandemic, and the
    potential implications of declining cash use for the provision of cash distribution services by banks
    and other market participants. There has been further rationalisation of ATM fleets by some banks and
    other deployers during the past year, as well as moves by some participants to establish ATM utilities.
    Members noted the importance of the community continuing to have good access to cash withdrawal and
    deposit services, even as the overall use of cash for transactions declines.
  • The issues around possible issuance of a retail central bank digital currency (CBDC) or e-AUD.
    Consistent with previous discussions, members considered that at present there is not a strong
    public-policy case for issuance in Australia, given that the electronic payments system in Australia
    compares very favourably with those in many other countries and access to cash remains good.
    Nonetheless, the Board will continue to closely watch the experience of other jurisdictions. The Bank
    is continuing to research the technological and policy implications of a wholesale form of CBDC and is
    working to develop a proof-of-concept with external parties to explore aspects of wholesale CBDC,
    building on research the Bank did in its Innovation Lab last year.
  • Card payments fraud. The latest industry payment fraud statistics showed a substantial drop in
    card-not-present (CNP) fraud losses in 2019. This was the first decline in eight years and occurred
    even though there was continued strong growth in the use of cards. The Board welcomed the
    industry’s efforts to tackle CNP fraud in recent years and encouraged participants to continue to
    support the AusPayNet-administered CNP Fraud Mitigation Framework that was introduced in 2019 as well
    as other fraud detection and prevention initiatives.
  • Cyber risk initiatives. Members were briefed on a range of initiatives to improve cyber
    resilience, including the Government’s Australian Cyber Security Strategy 2020, its consultation
    to uplift security and resilience of critical infrastructure and the Council of Financial
    Regulators’ framework for testing the strength of institutions’ cyber resilience.
  • The Board is meeting this afternoon with the Australian Payments Council.

    Share2Tweet1
    ADVERTISEMENT
    FWNews

    FWNews

    Track the pulse of the market

    Related Posts

    Dollar lacks upside momentum due to lower Treasury yields
    Technical analysis

    Dollar stays afloat as gold rally pauses

    December 5, 2023 07:00
    10
    Stocks mixed while gold at fresh all-time highs to start the week
    Fundamental analysis

    Stocks mixed while gold at fresh all-time highs to start the week

    December 4, 2023 08:00
    11
    Stocks mixed, dollar indecisive to start the new month
    Fundamental analysis

    Stocks mixed, dollar indecisive to start the new month

    December 1, 2023 08:00
    12
    Dollar lacks upside momentum due to lower Treasury yields
    Technical analysis

    USD keeps refreshing August lows

    November 30, 2023 07:00
    12
    Global stocks mixed with Fed and China in focus
    Fundamental analysis

    Global stocks mixed with Fed and China in focus

    November 29, 2023 08:00
    12
    Dollar lacks upside momentum due to lower Treasury yields
    Technical analysis

    Dollar needs fresh impetus

    November 28, 2023 07:00
    13

    Leave Your Opinion Cancel reply

    Your email address will not be published. Required fields are marked *

    Recommended

    Pound corrects higher due to dollar weakness

    Dollar finishes the week on a fairly firm footing

    July 23, 2021 03:32
    17
    Euro struggles below three-month highs, yen demand persists

    Euro on the offensive but the bullish potential limited

    July 13, 2020 09:13
    13
    Stocks erase gains as cautious tone persists in the markets

    Stocks erase gains as cautious tone persists in the markets

    May 11, 2020 04:05
    14

    Ads

    Shneider Electric

    Most Popular

    A slow start to the week in FX markets
    Technical analysis

    Dollar regains ground to start the week

    January 25, 2021 07:25
    124
    A slow start to the week in FX markets
    Technical analysis

    Greenback advances modestly amid strong data

    May 28, 2021 07:38
    110
    Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
    News

    Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

    July 28, 2020 08:29
    95
    FWNews

    Copyright © 2022 FWNews

    • Terms & Сonditions
    • Contact
    No Result
    View All Result
    • FUNDAMENTALS
    • TECHNICALS
    • Interest Rates
    • Economic calendar
    • Backstage

    Copyright © 2022 FWNews