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 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
Statement of Monetary Policy - February 2019
10 Feb 2020
SMP
PDF
8136KB
https://www.rba.gov.au/publications/smp/2019/feb/pdf/statement-on-monetary-policy-2019-02.pdf
Domestic Financial Markets
4 Feb 2016
SMP
– February 2016
Business lending rates remain close to historic lows for both small and large businesses, consistent with strong competition in the banking sector. ... The credit ratings agencies have made downward revisions to their price assumptions on a number of
https://www.rba.gov.au/publications/smp/2016/feb/domestic-financial-markets.html
International and Foreign Exchange Markets
10 Feb 2014
SMP
– February 2014
of US Treasuries and agency mortgage-backed securities (MBS) by US$5 billion each. ... US and euro area banking shares have significantly outperformed the broader market over the past year, with their prices up 40 and 25 per cent, respectively, over 2013.
https://www.rba.gov.au/publications/smp/2014/feb/intl-fx-mkts.html
International and Foreign Exchange Markets
4 Aug 2011
SMP
– August 2011
PDF
965KB
https://www.rba.gov.au/publications/smp/2011/aug/pdf/intl-fx-mkts.pdf
Statement on Monetary Policy - November 2008
20 Mar 2009
SMP
PDF
878KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2008/nov/pdf/1108.pdf
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
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
Statement on Monetary Policy - February 2013
8 Feb 2013
SMP
- February 2013
PDF
2210KB
https://www.rba.gov.au/publications/smp/2013/feb/pdf/0213.pdf
Statement on Monetary Policy – November 2009
5 Nov 2009
SMP
PDF
1011KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2009/nov/pdf/1109.pdf