Regulatory Alerts2026-06-19
Added · Updated
Assessment of the Reserve Bank Information and Transfer System (RITS)
The Reserve Bank of Australia issued its 2026 PFMI assessment for RITS, concluding that the system partially observes requirements for Governance, risk management, and operational risk. The Governance rating was downgraded to partly observed due to slower-than-anticipated progress in implementing specific enhancements, while risk and operational ratings remained unchanged. The Payments System Board mandates that key improvements be embedded before the next detailed assessment in March 2028.
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