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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December: 1997-Settlement Risk on Australian Dollar Transactions
9 Mar 2023
Media Release
The use of extensive correspondent banking and agency arrangements by many banks for the domestic currency leg of foreign exchange transactions was evident from the survey responses. ... Thirteen of the 24 survey respondents indicated that they offered
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-risk-aus-dollar-transactions.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
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
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
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
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
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
EMEAP Press Statement
12 May 2005
Media Release
The Reserve Bank of Australia, together with the other ten central banks and monetary authorities from East Asia and the Pacific which make up the EMEAP Group today announced that the Asian Bond Fund 2 (ABF2) has moved into its implementation phase
https://www.rba.gov.au/media-releases/2005/emeap-press-statement.html
Domestic Market Dealing Arrangements
4 Mar 2004
Media Releases
In response to the ongoing consolidation in the market for Commonwealth Securities, the RBA has reviewed arrangements for its domestic market operations and effective 15 March will make changes to: Securities eligible for repurchase agreements with
https://www.rba.gov.au/media-releases/2004/mr-04-03.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