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RBA Glossary definition for Y2K

Y2K – Year 2000. The Year 2000 problem was the possibility that financial institutions' computer systems would fail on 1 January 2000 and spark a loss of public confidence in individual institutions or at worst, in the financial system as a whole. In the event, the arrival of Y2K was virtually incident-free.

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Year 2000 Preparations in the Australian Financial System

26 Feb 2001 Speech PDF 54KB
Promote greater disclosure on Y2K. APRA’s role. • Focus on individual institutions• Prime responsibility with board and. ... coverage. Key message. “…the simple fact is that [customers’]deposits are safe and their recordsare not at risk from
https://www.rba.gov.au/speeches/1999/pdf/y2k-slides.pdf

Year 2000 Preparations in the Australian Banking and Financial System September 1999

25 Feb 2001 PDF 379KB
DEFINITION OF YEAR 2000 COMPLIANCE 47. Y2K Book September 99 10/9/99, 4:28 PM4. ... T]he simple fact is that [customers’] deposits are safe and their records arenot at risk from Y2K-related problems.”.
https://www.rba.gov.au/fin-services/resources/y2k-preps.pdf

Semi-Annual Statement on Monetary Policy

10 Nov 1999 Bulletin – November 1999
Graph 6. In credit markets more generally, perceptions that the interest rate cycle has turned, together with preparations for Y2K, have led borrowers to bring forward borrowing to lock in funding.
https://www.rba.gov.au/publications/bulletin/1999/nov/1.html

The International Economic Outlook

3 Feb 2000 Speech
Glenn Stevens
Speech by Glenn Stevens to CEDA/Telstra Economic and Political Overview, Melbourne
https://www.rba.gov.au/speeches/2000/sp-ag-030200.html

Statement on Monetary Policy

10 Nov 2001 Bulletin – November 2001
Reserve Bank Bulletin – November 2001 Statement on Monetary Policy. Download the complete Statement 1. MB. International economic conditions are at their weakest for many years. The United States has all the hallmarks of recession – declining
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html

The Economy and Financial Markets

10 Feb 2000 Bulletin – February 2000
International Financial Markets. In the closing months of 1999, concerns about Y2K-related problems had been a major influence on financial markets around the world, but with the century date-change ... While these economies were perceived as being
https://www.rba.gov.au/publications/bulletin/2000/feb/1.html

Lumps, Bumps and Waves

4 Oct 2019 Speech
Luci Ellis
Speech delivered by Luci Ellis, Assistant Governor (Financial Markets), to the Ai Group, Geelong
https://www.rba.gov.au/speeches/2019/sp-so-2019-10-04.html

The International Economic Outlook

27 Feb 2001 Speech PDF 102KB
Forecasts of global growth beingmarked up. Markets concerned overinflation. Concern in some quarters over Y2K;this grew as year progressed. ... Y2K came and went withoutsignificant problem. Prospects for 2000. What then of the year ahead?
https://www.rba.gov.au/speeches/2000/pdf/sp-ag-030200.pdf

The Life of Australian Banknotes

28 Aug 2015 RDP PDF 1252KB
Two examples include Y2K and the GFC where the public’s demand for banknotes increased substantially. ... On the other hand, Y2K did not have a statistically significant impact on the life span of $20 or $50 banknotes.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-10.pdf

Statement to Parliamentary Committee

27 Feb 2001 Bulletin PDF 52KB
Y2K and All That. I would now like to make a few commentsabout Y2K, which is very topical because thereare now only 32 days to go to the new century. ... When I appeared before the Committee inJune, I said that Australian banks, buildingsocieties and
https://www.rba.gov.au/publications/bulletin/1999/dec/pdf/bu-1299-1.pdf