The Reserve Bank of Australia (RBA) has issued a consultation paper regarding proposed guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime. This follows legislative changes enacted in September 2024, when the Australian Parliament passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024. The amendments to the Corporations Act 2001 grant the RBA crisis resolution powers concerning domestically incorporated clearing and settlement facilities.
These powers enable the RBA to address threats to critical CS facility services or financial system stability in Australia that may arise from domestic CS facility licensees. The draft guidance aims to clarify when and how the RBA would typically use these resolution powers. It is intended to help CS facilities, their users, market operators, and other stakeholders understand the RBA’s general approach to resolution and its potential impact if such powers are exercised.
The RBA is seeking feedback from interested parties on this consultation by August 11, 2025. After considering submissions, it plans to release the finalized guidance.
