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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Appointment of Head of Banking
7 Mar 2022
Media Releases
Michael Plumb has been promoted to Head of Banking at the Reserve Bank of Australia. He will take up the position on 7 March 2022 and will report to Michelle McPhee, Assistant Governor (Business Services).
https://www.rba.gov.au/media-releases/2022/mr-22-06.html
Banking (Foreign Exchange) Regulations:Implementation of Sanctions Against Iraq
9 Aug 1990
Media Releases
RBA announces that under the Banking (Foreign Exchange) Regulations, following a United Nations Security Council resolution, foreign exchange and financial transactions with the governments of Kuwait or Iraq, or their agencies, are prohibited unless
https://www.rba.gov.au/media-releases/1990/mr-90-21.html
Banking (Foreign Exchange) Regulations Sanctions Against Iraq
5 Apr 1991
Media Releases
RBA announces that the wide ranging sanctions imposed on Kuwait, on 9 August 1990, have been repealed. All financial dealings with the government of Iraq and it's agencies remain prohibited without approval from the Reserve Bank of Australia.
https://www.rba.gov.au/media-releases/1991/mr-91-06.html
Central Banks Committed to Economic Prosperity and Wellbeing in South Pacific
29 Jun 2022
Media Releases
At a meeting of South Pacific Central Bank Governors on 20 June 2022, the Governors reconfirmed their commitment to supporting the region’s access to cost effective remittances, retention of bank services and improving financial inclusion.
https://www.rba.gov.au/media-releases/2022/mr-22-18.html
Samoa Commitment for the Pacific Islands
29 Nov 2018
Media Releases
Samoa Commitment for the Pacific Islands
https://www.rba.gov.au/media-releases/2018/mr-18-30.html
South Pacific Central Bank Governors Committed to Cost Effective Remittances
20 Nov 2020
Media Releases
Related Information
https://www.rba.gov.au/media-releases/2020/mr-20-31.html
Domestic Market Dealing Arrangements
6 Sep 2007
Media Releases
The current list of securities acceptable for repurchase agreements includes Commonwealth Government securities, securities issued by State and Territory borrowing authorities, securities issued by certain supra-national and foreign government
https://www.rba.gov.au/media-releases/2007/mr-07-14.html
New Eligibility Criteria for Residential Mortgage Backed Securities
22 Oct 2012
Media Releases
The RBA is introducing new criteria for eligibility of residential mortgage backed securities (RMBS) in its operations
https://www.rba.gov.au/media-releases/2012/mr-12-31.html
Memorandum of Understanding ASIC & RBA
20 Mar 2002
Media Releases
Memorandum of Understanding between ASIC and the RBA covering their respective responsibilities under the Corporations Act 2001 in relation to clearing and settlement facilities
https://www.rba.gov.au/media-releases/2002/mr-02-08.html
The Role of Exchange Settlement Accounts
1 Mar 1999
Media Releases
The Role of Exchange Settlement Accounts
https://www.rba.gov.au/media-releases/1999/mr-99-02-role.html