Central Banking

RBA Payments System Board Annual Report 2004

The Reserve Bank of Australia Payments System Board has published its Annual Report for the year ended 2004. Over the past couple of years the Board's work in relation to the safety and stability of the payments system has focussed on the development of standards for central counterparties and securities settlement systems, the annual report says.

It has also addressed settlement risks associated with retail payment systems and the resilience of the system as a whole to major operational

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