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 and Foreign Exchange Markets
10 Nov 2013
SMP
– November 2013
US mortgage interest rates have moved in line with yields on agency MBS, and despite their recent decline remain well above the levels observed in 2012. ... These gains occurred despite the details of the ECB's planned comprehensive assessment of the
https://www.rba.gov.au/publications/smp/2013/nov/intl-fx-mkts.html
Domestic Financial Markets
10 Aug 2017
SMP
– August 2017
Over recent months, the ratings of many Australian financial institutions have been downgraded by credit rating agencies. ... Ratings agencies indicated that the accumulation of debt in the household sector was a significant factor in their decisions.
https://www.rba.gov.au/publications/smp/2017/aug/domestic-financial-markets.html
International and Foreign Exchange Markets
10 Feb 2011
SMP
– February 2011
The European Commission's proposal has the potential to impose losses on a broader range of debt holders than recently announced Basel Committee on Banking Supervision (BCBS) proposals that apply to ... The Irish Government's ‘bad bank’, the National
https://www.rba.gov.au/publications/smp/2011/feb/intl-fx-mkts.html
Box A: Evolving Financial Conditions in China
27 Nov 2018
SMP
– November 2018
system. The authorities discouraged shadow financing by improving regulatory coordination across different agencies, introducing more stringent asset management regulations and restricting bank lending to the shadow banking sector. ... These actions have
https://www.rba.gov.au/publications/smp/2018/nov/box-a-evolving-financial-conditions-in-china.html
Domestic Financial Markets
10 Feb 2012
SMP
– February 2012
Spreads between yields on Australian dollar-denominated securities issued by foreign institutions (Kangaroo bonds) and CGS increased sharply after a number of European sovereigns and agencies were placed on negative ratings ... ago. The widening in
https://www.rba.gov.au/publications/smp/2012/feb/dom-fin-mkts.html
International and Foreign Exchange Markets
10 Feb 2015
SMP
– February 2015
The scope of ECB purchases was widened from covered bonds and asset-backed securities to include securities issued by euro area governments, agencies and European institutions. ... In contrast, there was a continued net outflow from the private financial
https://www.rba.gov.au/publications/smp/2015/feb/intl-fx-mkts.html
International and Foreign Exchange Markets
10 Aug 2012
SMP
– August 2012
The Spanish Government has been granted official assistance from the euro area to recapitalise its troubled banking sector. ... be channelled through Spain's bank restructuring agency and will therefore increase the central government's indebtedness.
https://www.rba.gov.au/publications/smp/2012/aug/intl-fx-mkts.html
International and Foreign Exchange Markets
10 May 2013
SMP
– May 2013
macroeconomic adjustment program aimed at redressing the nation's fiscal position and recapitalising its large banking sector. ... Large European banks reported better-than-expected earnings for the March quarter, supported by ongoing reductions in
https://www.rba.gov.au/publications/smp/2013/may/intl-fx-mkts.html
Domestic Financial Markets
10 Aug 2011
SMP
– August 2011
As is common in periods of heightened market uncertainty, the spreads between CGS and other highly rated debt (such as that issued by state borrowing authorities and supranational agencies) have widened ... The Australian branches of Industrial and
https://www.rba.gov.au/publications/smp/2011/aug/dom-fin-mkts.html
International and Foreign Exchange Markets
10 May 2014
SMP
– May 2014
B+ and BB by ratings agencies) undertaking the largest ever issue of non-investment grade bonds in April. ... The net inflow to the banking sector largely reflected foreign purchases of Australian bank bonds.
https://www.rba.gov.au/publications/smp/2014/may/intl-fx-mkts.html