Search: agency banking

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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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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

Financial Corporations Act 1974

6 Jul 1998 Media Releases
Orders made under powers of the Governor under the Financial Corporations Act 1974
https://www.rba.gov.au/media-releases/1998/mr-98-11.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

Launch of Reserve Bank Internet Site

28 Nov 1997 Media Releases
At 9.00 am today,the Reserve Bank launched its Internet site http://www.rba.gov.au
https://www.rba.gov.au/media-releases/1997/mr-97-20.html

Council of Financial Regulators Annual Report – 1998

28 Apr 1999 Media Releases
Release of Council of Financial Regulators Annual Report for 1998
https://www.rba.gov.au/media-releases/1999/mr-cfr-99.html

Council of Financial Supervisors: Supervision of Financial Conglomerates

19 Feb 1998 Media Releases
Announcement by the Council of Financial Supervisors regarding the release of a package of papers concerning the regulation of banks, insurance companies and securities firms which form part of financial conglomerates
https://www.rba.gov.au/media-releases/1998/mr-98-1902.html

Changes to Financial Sanctions

17 Oct 2001 Media Releases
Addition to list of names and entities issued on 3 October 2001 by the Reserve Bank of Australia prohibiting transactions involving accounts in the name of persons or entities identified by the United Nations and United States as being linked to
https://www.rba.gov.au/media-releases/2001/mr-01-21.html

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

Financial Corporations Act 1974

2 Jul 1997 Media Releases
Orders made under powers of the Governor under the Financial Corporations Act 1974
https://www.rba.gov.au/media-releases/1997/mr-97-12.html

Statement by the Governor, Mr Ian Macfarlane: Senior Staff Movementss

17 Mar 1998 Media Releases
Announcement of Mr G.J. Thompson's appointment as Chief Executive Officer of the Australian Prudential Regulation Authority (APRA)and the switching of roles between Dr JF Laker and Mr LJ Austin.
https://www.rba.gov.au/media-releases/1998/mr-98-02.html