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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An Increase in Holdings of Liquid Assets
27 Oct 2008
RDP
2008-06
Over recent decades, the Australian banking system's holdings of ‘liquid’ assets have fallen significantly as a share of their aggregate balance sheet. ... This is in comparison to the total liquid assets of the banking system of around $350 billion.
https://www.rba.gov.au/publications/rdp/2008/2008-06/inc-holdings.html
References
27 Oct 2008
RDP
2008-06
BCBS (Basel Committee on Banking Supervision) (2008), ‘Liquidity Risk: Management and Supervisory Challenges’, February. ... IOSCO (International Organization of Securities Commissions) (2008), ‘Code of Conduct Fundamentals for Credit Rating
https://www.rba.gov.au/publications/rdp/2008/2008-06/references.html
The Provision of Systemic Liquidity Services by the Public Sector
27 Oct 2008
RDP
2008-06
It is important to stress that, in playing this role, the central bank is in no sense bailing out banks, or funding the balance sheet expansion of the banking system. ... securities held outright and an increase in the value of agency-backed
https://www.rba.gov.au/publications/rdp/2008/2008-06/pro-systemic.html