Regulatory Alerts2026-06-04
Added · Updated
Payments System Board Update: June 2026 Meeting
The Reserve Bank of Australia’s Payments System Board approved the full assessment of the RITS system against financial market infrastructure principles and initiated a public consultation on the Review of Payments System Regulation. The Board broadened its focus to system-wide cryptographic risks, endorsing consultations to strengthen protections against classical and quantum computing threats while reaffirming the December 2030 industry uplift target. Additionally, the Board noted the implementation of amended card payment standards and zero-surcharge rules for eftpos, alongside initial public focus group findings indicating indifference toward a retail central bank digital currency.