Responsibilities of Central Banks, Market Regulators, and other Relevant Authorities for Financial Market Infrastructures

Self-assessment of the Reserve Bank of Australia – Systemically Important Payment Systems

This report presents a Self-assessment of how well the Bank meets the ‘Responsibilities of Central Banks, Market Regulators, and other Relevant Authorities for Financial Market Infrastructures’ (the Responsibilities) in its role as overseer of systemically important payment systems. The Responsibilities have been developed by the Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions, and are set out in the Principles for Financial Market Infrastructures (the Principles). The publication of this report provides more transparency around the Bank's role in payment system oversight, and in particular the application of the Principles to systemically important payment systems.

Self-assessment of Responsibilities in Respect of Clearing and Settlement (CS) Facilities

The most recent self-assessment of how well the Bank and ASIC meet the Responsibilities in their role in the regulation and oversight of CS facilities was carried out in September 2014. The publication of this report provides more transparency around the Bank's and ASIC's role in the regulation and oversight of CS facilities, and in particular the application of the Principles to these facilities. The report concludes that the Bank and ASIC observe the relevant Responsibilities, but nevertheless commits the Bank and ASIC to certain actions in the spirit of continuous improvement.