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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Why Do Companies Fail?
1 Nov 2016
RDP
2016-09
The higher failure curve for listed companies versus publicly unlisted companies at higher ages – the gap between the blue and purple lines – is also consistent with these ‘agency’ and ‘transparency’ hypotheses.
https://www.rba.gov.au/publications/rdp/2016/2016-09/full.html