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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International Financial Cooperation
27 Oct 2022
RBA Annual Report
– October 2022
It provides a forum for regular cooperation on banking supervisory matters among its 28 member jurisdictions. ... It seeks to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide.
https://www.rba.gov.au/publications/annual-reports/rba/2022/international-financial-cooperation.html
Banking and Payments
25 Oct 2010
RBA Annual Report
– 2010
It also provides contestable transactional banking services to around 90 government agencies on a commercial basis. ... The delivery of direct entry payments from government agencies to recipients' accounts is a significant part of the Reserve Bank's
https://www.rba.gov.au/publications/annual-reports/rba/2010/banking-payments.html
Customer Services
3 Aug 1999
RBA Annual Report
– 1999
From that date, all Commonwealth departments and agencies became responsible for their own individual banking arrangements. ... The Bank's desktop banking package, Reservelink, was also upgraded to facilitate the new agency banking arrangements.
https://www.rba.gov.au/publications/annual-reports/rba/1999/cust-serv.html
Banking and Payments
10 Sep 2012
RBA Annual Report
– 2012
These include services associated with the operation of the Australian Government's principal public accounts; transactional banking services to government agencies; custodial, registry and related services; and the operation of the ... In recent years,
https://www.rba.gov.au/publications/annual-reports/rba/2012/banking-payments.html
Banking and Payments
29 Aug 2011
RBA Annual Report
– 2011
These include services associated with the operation of the Australian Government's principal public accounts; transactional banking services to government agencies; custodial, registry and related services; and the operation of the ... Some 90
https://www.rba.gov.au/publications/annual-reports/rba/2011/banking-payments.html
1.4 Payments System Board
19 Oct 2023
RBA Annual Report
– October 2023
Payments System Board | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/payments-system-board.html
Payments System Regulation and Policy Issues
28 Sep 2022
PSB Annual Report
– September 2022
Banks declining to offer or withdrawing their services is commonly referred to as de-banking. ... De-banking is often a consequence of how banks manage their financial crime risks.
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html
Our Role
12 Apr 2020
RBA Annual Report
– 2020
financial system and support effective and efficient regulation by the financial regulatory agencies. ... The Reserve Bank's banking services fall into two components – those services provided in its capacity as the central bank and those transactional
https://www.rba.gov.au/publications/annual-reports/rba/2020/our-role.html
Operations in Financial Markets
27 Oct 2022
RBA Annual Report
– October 2022
This is consistent with the experience of other central banks that have pursued programs that significantly increased cash reserves in the banking system. ... Investments in the benchmark currencies are limited to deposits at official institutions (such
https://www.rba.gov.au/publications/annual-reports/rba/2022/operations-in-financial-markets.html
Departmental Activities
9 Mar 2023
RBA Annual Report
– 1962
of the Commonwealth group of banking institutions will probably continue for some time. ... E.S. Eyers to Manager, Investment Department; Mr. H.R. Longmuir to Manager, Banking Department.
https://www.rba.gov.au/publications/annual-reports/rba/1962/departmental-activities.html