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RBA's $5b fund is for 'double-black swan' events


May 12, 2021 – 2.50pm
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A new $5 billion fund for the Reserve Bank, earmarked for intervention into collapses of financial market infrastructure, has been a decade in the making and experts said it would only be used in the most extreme instances of market crisis.
It cements the government’s action on a 2011 Council of Financial Regulator’s recommendation to introduce a mechanism to resolve very rare instances of market failure across clearing and settlement infrastructure.
A new Reserve Bank emergency fund will only be used in exceptional circumstances. 
Reuters
Treasurer Josh Frydenberg’s budget on Tuesday announced the Australian Securities and Investments Commission and the Reserve Bank will get new powers to identify and intervene if financial market infrastructure, such as the ASX, catastrophically fails. ....

Josh Frydenberg , Investments Commission , Council Of Financial Regulator , Reserve Bank , Financial Regulator , Australian Securities , முதலீடுகள் தரகு , சபை ஆஃப் நிதி சீராக்கி , இருப்பு வங்கி , நிதி சீராக்கி , ஆஸ்திரேலிய பத்திரங்கள் ,