Building bridges in the digital economy - modernising Australia's payments system
· Michele Bullock, Governor of the Reserve Bank of Australia (Australia)
Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, climate, energy and nature, technology, ai and cyber risk
MB · Michele Bullock Wiki · Reserve Bank of Australia WikiBuilding bridges in the digital economy - modernising Australia's payments systemContextBradfield Oration by the Governor of the Reserve Bank of Australia at the Sydney Opera House, at The Daily Telegraph's Future Sydney event.
Why it mattersThe Reserve Bank of Australia's Governor explains the replacement of the country's old bulk payment system.
Problems raised- The old BECS payment system must be replaced.
- Legacy systems create operational risks.
- The transition must be orderly.
Solutions proposed- Modernise Australia's payments system.
- Strengthen operational risk management.
- Have industry address transition challenges.
Read full speech on bis.org ↗More from Michele Bullock · Reserve Bank of Australia · all speeches
More speeches by Michele Bullock
Other leaders on payments, digital money and crypto-assets
