I am pleased to announce the reappointment of Mrs Catherine Walter AM as a member of the Payments System Board for a further five-year period.
Mrs Walter has been a highly valued member of the Payments System Board since 2007, and will continue to make a substantial contribution drawing on her extensive experience across a range of industries, including financial services, and her distinguished career as a banking lawyer.
Since 1991, Mrs Walter has been a non-executive director in listed companies, government entities and not-for-profit organisations also spanning the arts, education, telecommunications, and scientific and medical research.
The Payments System Board was established on 1 July 1998 as a board of the Reserve Bank of Australia. It determines the Reserve Bank's payments system policy and is responsible for the stability of, and competition and efficiency within, the payments system.
The Reserve Bank Act 1959 provides for up to eight members of the Payments System Board, including the Governor and one other representative of the Reserve Bank, one representative from the Australian Prudential Regulation Authority and up to five independent members.
I take this opportunity to congratulate Mrs Walter on her reappointment.
The other members of the Payments System Board are: Glenn Stevens (Chairman), Malcolm Edey (Deputy Chairman), John Laker AO (APRA Member), Joseph Gersh AM, Robert McLean AM and Brian Wilson.