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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China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
Table 1: Primary Legislation Establishing Central Banking Powers. Institution. Primary legislation (ranked by oldest). ... like many agencies with links to the state, are imbued with substantial independent powers.
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
The Institutional Design Framework for Monetary Policy
9 Dec 2019
RDP
2019-11
Table 1: Primary Legislation Establishing Central Banking Powers. Institution. Primary legislation (ranked by oldest). ... like many agencies with links to the state, are imbued with substantial independent powers.
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-institutional-design-framework-for-monetary-policy.html
The PBC's Objectives and Operational Framework
9 Dec 2019
RDP
2019-11
This was a reflection of a financial system that was dominated by a highly concentrated banking sector (Huang et al forthcoming). ... growth in foreign exchange reserves) or used to actively manage financial conditions in the banking system (Figure 3).
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-pbcs-objectives-and-operational-framework.html