The Reserve Bank of Australia (RBA) has published a consultation paper setting out draft guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime, aimed at clarifying when and how it would generally expect to use its crisis resolution powers over domestically incorporated CS facilities. The guidance follows amendments to the Corporations Act 2001 made by the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024, which provide the RBA with powers to manage or respond to threats to the continuity of critical CS facility services or to financial system stability in Australia arising in relation to a domestic CS facility licensee. The draft is intended to help CS facilities, their users, market operators and other stakeholders understand the RBA’s general approach to resolution and the potential effects on them if a resolution power is used. Submissions are invited until 11 August 2025, after which the RBA will publish finalised guidance.
Reserve Bank of Australia 2025-06-30
Reserve Bank of Australia launches consultation on guidance for resolving domestic clearing and settlement facilities
The Reserve Bank of Australia has released a consultation paper detailing draft guidance for the Australian Clearing and Settlement Facility Resolution Regime, following amendments to the Corporations Act 2001. The guidance aims to clarify the RBA's use of crisis resolution powers over domestic CS facilities, with submissions open until 11 August 2025.