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

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

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

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

3 Aug 2000 RBA Annual Report – 2000
Y2K. Year 2000.
https://www.rba.gov.au/publications/annual-reports/rba/2000/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

Note Printing Australia

3 Aug 2000 RBA Annual Report – 2000
Because of a build-up of notes for Y2K, which were subsequently not required, plus continuing proof of much longer life for polymer notes, there will be a significantly reduced need ... Of the total production last year, 30 per cent was for Australia –
https://www.rba.gov.au/publications/annual-reports/rba/2000/note-printing.html

Governor's Foreword

3 Aug 2000 RBA Annual Report – 2000
Apart from overseeing the smooth transition into the new century (the so-called Y2K problem), carrying out the former of these responsibilities was relatively uneventful – as would be expected, the financial ... Demand for notes was augmented by the
https://www.rba.gov.au/publications/annual-reports/rba/2000/gov-foreword.html

The Reserve Bank Board and Governance

3 Aug 2000 RBA Annual Report – 2000
for Y2K; see reference in ‘Governor's Foreword’.
https://www.rba.gov.au/publications/annual-reports/rba/2000/rba-board.html