Search: agency banking
RBA Glossary definition for agency banking
agency banking – Since 1 July 1999 all Australian Government departments and agencies have been responsible for their own individual banking arrangements. Under devolved banking arrangements, agencies are required to test the services previously provided by the Reserve Bank of Australia (RBA) against what is available from other financial institutions. However, the Australian Government's core account, the Official Public Account, remained with the RBA. A system sweeps balances of Australian Government departments and agencies from their transactional banker to the Official Public Account at the RBA each night.
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References
31 Dec 2004
RDP
2004-02
Basel Committee on Banking Supervision (2003), ‘The New Basel Capital Accord’, available at <http://www.bis.org/publ/bcbsca.htm>. ... International Organization of Securities Commissions (2003), ‘Report on the activities of credit rating agencies’
https://www.rba.gov.au/publications/rdp/2004/2004-02/references.html
Introduction
31 Dec 2004
RDP
2004-02
Accord is likely to give agencies a role in determining banks' regulatory capital. ... The formal evidence on rating agency performance is mixed. At one level, agencies' ratings appear on average to be accurate measures of relative default risk: for
https://www.rba.gov.au/publications/rdp/2004/2004-02/introduction.html