The Reserve Bank of Australia (RBA) has today released a consultation paper on proposed guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime.
In September 2024, the Australian Parliament passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024. This amended the Corporations Act 2001 to provide the RBA with crisis resolution powers with respect to domestically incorporated clearing and settlement (CS) facilities. These powers enable the RBA to manage or respond to a threat posed to the continuity of critical CS facility services or the stability of the financial system in Australia arising in relation to a domestic CS facility licensee.
The RBA has developed draft guidance to provide transparency about when and how the RBA would generally expect to use these resolution powers. It aims to assist CS facilities, their users, market operators and other stakeholders to understand the RBA's general approach to resolution and the potential effects on them if the RBA decides to use a resolution power.
The RBA is inviting submissions on this consultation from interested parties by 11 August 2025. Following the consultation, the RBA will publish the finalised guidance.
