Search: Y2K

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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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The Impact of Y2K on Financial Markets in Australia

10 Jan 2000 Bulletin – January 2000
A major concern relating to Y2K was that households might withdraw much more money from financial institutions than they usually would at this time of the year. ... Y2K was about $2.5 billion, or about 10 per cent of the normal stock of notes on issue.
https://www.rba.gov.au/publications/bulletin/2000/jan/1.html

Presentation to the Y2k Infrastructure Forums

1 Sep 1999 Speech
John Laker
Speech by John Laker (on behalf of the Council of Financial Regulators) to the Y2k Infrastructure Forums
https://www.rba.gov.au/speeches/1999/sp-ag-y2k-010999.html

Glossary

2 May 2023
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

All Speeches

9 Mar 2023
Speeches by senior staff of the Reserve Bank
https://www.rba.gov.au/speeches/list.html

Opening Statement to House of Representatives Standing Committee on Economics, Finance and Public Administration

29 Nov 1999 Speech
Ian Macfarlane
Opening remarks by Ian Macfarlane to the House of Representatives Standing Committee on Economics, Finance and Public Administration, Sydney
https://www.rba.gov.au/speeches/1999/sp-gov-291199.html

Bulletin Articles – 2000

9 Mar 2023 Bulletin
The Reserve Bank Bulletin is a monthly publication that contains economic commentary, feature articles, speeches and a set of statistical tables
https://www.rba.gov.au/publications/bulletin/2000/

The Impact of Y2K on Financial Markets in Australia

22 Feb 2001 Bulletin PDF 36KB
Jun 99. Mar 99. Dec 98. Y2K. 4.50. 4.75. 5.00. ... Y2K pressures would be handled comfortablyand concerns about the quality of bank riskreceded.
https://www.rba.gov.au/publications/bulletin/2000/jan/pdf/bu-0100-1.pdf

Financial System Stability

3 Aug 2000 RBA Annual Report – 2000
A first and unique test of Australia's new financial regulatory structure was the Y2K problem. ... Y2K problem on the financial system and satisfied with the reassurances received from their financial institutions.
https://www.rba.gov.au/publications/annual-reports/rba/2000/fin-sys-stability.html

Opening Statement to House of Representatives Standing Committee on Economics, Finance and Public Administration

17 Jun 1999 Speech
Ian Macfarlane
Opening Statement delivered by Ian Macfarlane to the House of Representatives Standing Committee on Economics, Finance and Public Administration, Melbourne
https://www.rba.gov.au/speeches/1999/sp-gov-170699.html

Speeches – 1999

31 Dec 1999
Speeches by senior staff of the Reserve Bank
https://www.rba.gov.au/speeches/1999/