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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Domestic Financial Markets
10 May 2011
SMP
– May 2011
Banking Act 1959. In April, Moody's placed 56 tranches of 25 Australian RMBS transactions totalling around $6.5 billion on review for a possible downgrade of their credit ratings. ... A significant share of this was issued by sovereign and supranational
https://www.rba.gov.au/publications/smp/2011/may/dom-fin-mkts.html
International and Foreign Exchange Markets
10 Feb 2009
SMP
– February 2009
Governments across the world have continued to unveil new measures and modify existing measures aimed at stabilising their banking sectors. ... Rating agencies have recently downgraded the ratings and outlooks of a number of major US and European banks.
https://www.rba.gov.au/publications/smp/2009/feb/intl-fx-mkts.html
International Economic Developments
10 Aug 2011
SMP
– August 2011
Government debt levels were already elevated when public finances deteriorated sharply following the global economic downturn, in some countries partly in response to the costs of supporting their banking sector ... In the crude oil market, the
https://www.rba.gov.au/publications/smp/2011/aug/intl-eco-dev.html
Domestic Financial Markets
10 Nov 2011
SMP
– November 2011
In recent months, there has been a significant reassessment of the outlook for domestic monetary policy by market participants, mainly reflecting uncertainty about how the sovereign debt and banking problems in ... Spreads between CGS and other government
https://www.rba.gov.au/publications/smp/2011/nov/dom-fin-mkts.html
International and Foreign Exchange Markets
10 May 2010
SMP
– May 2010
Final purchases of agency mortgage-backed securities and agency debt occurred in March. ... Ireland's National Asset Management Agency, set up to buy non-performing loans, began its first loan purchases in March.
https://www.rba.gov.au/publications/smp/2010/may/intl-fx-mkts.html
International and Foreign Exchange Markets
10 Aug 2007
SMP
– August 2007
This was acknowledged by Chairman Bernanke in his testimony before the US Senate Banking Committee in July, when he estimated that financial losses on the defaults could be in the range ... In mid July, the concerns about sub-prime mortgage debt were
https://www.rba.gov.au/publications/smp/2007/aug/intl-fx-mkts.html
The International Environment
27 Nov 2018
SMP
– November 2018
Conflict between the new Italian Government and the European Commission over the Italian budget, or a downgrade of Italian sovereign debt to non-investment grade by the major rating agencies, could ... The authorities also remain mindful about the need
https://www.rba.gov.au/publications/smp/2018/nov/the-international-environment.html
Domestic Financial Markets
9 May 2016
SMP
– May 2016
major ratings agencies. ... Falls in global banking stocks amid increased concerns about bank profitability have been a factor, as has been the evidence of a levelling out in housing activity in Australia and signs
https://www.rba.gov.au/publications/smp/2016/may/domestic-financial-markets.html
International and Foreign Exchange Markets
10 May 2015
SMP
– May 2015
The increase in European bank earnings in the quarter owed to increased corporate and institutional banking activity and cost-cutting. ... The net inflow to the private financial sector reflected net inflows to both the banking sector and ‘other
https://www.rba.gov.au/publications/smp/2015/may/intl-fx-mkts.html
Box B: Recent Developments in Chinese Financial Regulations
10 Aug 2017
SMP
– August 2017
The regulatory measures are wide-ranging and entail a degree of coordination across agencies. ... In response, the China Banking Regulatory Commission (CBRC) instructed banks to conduct internal reviews and monitor their existing channel investments in
https://www.rba.gov.au/publications/smp/2017/aug/box-b-recent-developments-in-chinese-financial-regulations.html