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-Methodology
9 Mar 2023
Media Release
the relevant payments system or because some other factor (eg internal procedures, correspondent banking arrangements, local payments system rules, laws) makes cancellation dependent upon the consent of the counterparty or another ... banking arrangements
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/methodology.html
December: 1997-Next Steps and Conclusions
9 Mar 2023
Media Release
This report has highlighted the scope for institutions to reduce substantially their exposure to foreign exchange settlement risk by renegotiating correspondent banking relationships and improving back office procedures. ... Once understood and properly
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
However, the use of local correspondent banking services, by both bank and non-bank dealers, was also evident. ... The RBA recognises the imponderables in attempting to anticipate or deal with a major systemic problem in the global banking system.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html
December: 1997-Risk Management Practices
9 Mar 2023
Media Release
The RBA has canvassed this option previously with the banking industry.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/risk-management-practices.html
Appointment: Brad Jones as Assistant Governor, Financial System
22 Jun 2022
Media Releases
Dr Bradley Jones has been appointed to the position of Assistant Governor, Financial System at the Reserve Bank of Australia.
https://www.rba.gov.au/media-releases/2022/mr-22-17.html
Media Releases – 2022
1 Jan 2022
Media releases
issued in 2022
https://www.rba.gov.au/media-releases/2022/
New Statistical Disclosures on Retail Payment Service Reliability
15 Nov 2021
Media Releases
New quarterly standardised statistics on the reliability of payment services provided to households and businesses are being published on the websites of individual service providers. These disclosures are intended to support transparency about
https://www.rba.gov.au/media-releases/2021/mr-21-25.html
Payments System Board Update: August 2021 Meeting
20 Aug 2021
Media Releases
At its meeting today, the Payments System Board discussed the Bank's review of retail payments regulation, the assessment of the ASX clearing and settlement facilities against the Bank's Financial Stability Standards, payment scams, and an updated
https://www.rba.gov.au/media-releases/2021/mr-21-16.html
26th Executives' Meeting of East Asia-Pacific Central Banks (EMEAP) Governors' Meeting
12 Aug 2021
Media Releases
The 26th EMEAP Governors' Meeting was held via video conference on 12 August 2021.
https://www.rba.gov.au/media-releases/2021/mr-21-15.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
6 Jul 2021
Media Releases
In total, $188 billion has been drawn down under this facility, which has contributed to the Australian banking system being highly liquid.
https://www.rba.gov.au/media-releases/2021/mr-21-13.html