Following industry consultation, the Reserve Bank of Australia (RBA) has published guidance on the Australian clearing and settlement (CS) facility resolution regime, alongside a response to consultation explaining the feedback received and how it was reflected in the final guidance. The document is intended to clarify when and how the RBA would generally expect to use its resolution powers over Australian CS facilities and to help participants and other stakeholders understand potential impacts if a resolution power is used. The guidance is not legally binding and does not pre-commit the RBA to any particular course of action, with legislation prevailing in the event of any inconsistency. The release also reiterates that CS facilities provide post-trade clearing and settlement services, are co-regulated by the Australian Securities and Investments Commission (ASIC) and the RBA, and that the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 amended the Corporations Act 2001 to give the RBA crisis resolution powers for domestically incorporated CS facilities to address threats to the continuity of critical CS services or to Australia’s financial system stability.
Reserve Bank of Australia 2026-02-18
Reserve Bank of Australia publishes final guidance on the Australian clearing and settlement facility resolution regime
The Reserve Bank of Australia (RBA) issued guidance on the clearing and settlement facility resolution regime, detailing its resolution powers. This non-binding guidance clarifies potential stakeholder impacts and is part of RBA's co-regulation with the Australian Securities and Investments Commission. The Treasury Laws Amendment Act 2024 amended the Corporations Act 2001, granting the RBA crisis resolution powers for domestic CS facilities to ensure financial system stability.