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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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

Administration and Costs

3 Aug 2000 RBA Annual Report – 2000
Overall, underlying operating costs rose in 1999/2000, but the rise was accounted for by the Y2K-related expenses. ... The share of costs attributable to note distribution rose in 1999/2000, reflecting the Y2K-related expenses referred to above.
https://www.rba.gov.au/publications/annual-reports/rba/2000/admin-costs.html

RBA Annual Report - Administration and Costs

28 Aug 2001 Annual Report PDF 80KB
distributing currency around Y2K. Operating costs. for 2000/01 are higher than in 1998/99,. ... distribution decreased in 2000/01, reflecting the. reversal of the Y2K-related impact referred to.
https://www.rba.gov.au/publications/annual-reports/rba/2001/pdf/admin-costs.pdf

Administration and Costs

24 Aug 2001 RBA Annual Report – 2001
Operating costs for 2000/01 are higher than in 1998/99, i.e. prior to the Y2K increase, partly because of the cost of establishing the Regional Offices. ... This Y2K-effect also distorted the share of costs due to the RBA's other functions in 1999/2000.
https://www.rba.gov.au/publications/annual-reports/rba/2001/admin-costs.html

RBA Annual Report 2000 - Administration and Costs

22 Feb 2001 Annual Report PDF 44KB
Y2K-related expenses referred to above. The. share of costs absorbed by banking fell due to. ... for by the Y2K-related expenses. Even in. nominal terms, costs are around 18 per cent.
https://www.rba.gov.au/publications/annual-reports/rba/2000/pdf/admin-costs.pdf

RBA Annual Report 2000 - Financial System Stability

22 Feb 2001 Annual Report PDF 166KB
FINANCIAL SYSTEM STABILITY. Y2K. A first and unique test of Australia’s new. ... financial regulatory structure was the Y2K. problem. Although technical in its origins, this.
https://www.rba.gov.au/publications/annual-reports/rba/2000/pdf/fin-sys-stability.pdf

Glossary

21 Aug 2002 RBA Annual Report – 2002
Special drawing rights. Y2K. Year 2000.
https://www.rba.gov.au/publications/annual-reports/rba/2002/glossary.html

Glossary

24 Aug 2001 RBA Annual Report – 2001
Special drawing rights. Y2K. Year 2000.
https://www.rba.gov.au/publications/annual-reports/rba/2001/glossary.html

Operations in Financial Markets

3 Aug 2000 RBA Annual Report – 2000
tranche of Telstra and as they prepared for Y2K (discussed more fully below). ... The second, and less significant of the two, was the liquidity preparation for Y2K.
https://www.rba.gov.au/publications/annual-reports/rba/2000/oper-fin-mkts.html

RBA Annual Report - Glossary

28 Aug 2001 Annual Report PDF 57KB
RTGS Real-time gross settlement. SDRs Special drawing rights. Y2K Year 2000.
https://www.rba.gov.au/publications/annual-reports/rba/2001/pdf/glossary.pdf