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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Regulators expect Australian institutions to cease the use of LIBOR in new contracts before the end of 2021
4 Jun 2021
Media Releases
Regulators in Australia are reiterating the importance of ensuring a timely transition away from the London Interbank Offered Rate (LIBOR).
https://www.rba.gov.au/media-releases/2021/mr-21-10.html
Reserve Bank of Australia Becomes Inaugural Member of New, International Central Bank Network for Indigenous Inclusion
28 Apr 2021
Media Releases
Along with Indigenous partners, Te Pūtea Matua (Reserve Bank of New Zealand), the Bank of Canada and the Reserve Bank of Australia have formed a voluntary network to foster ongoing dialogue and raise awareness of Indigenous economic and financial
https://www.rba.gov.au/media-releases/2021/mr-21-05.html
Payments System Board Update: February 2021 Meeting
19 Feb 2021
Media Releases
At its meeting today, the Payments System Board discussed the Bank�s review of retail payments regulation and the Treasury review of the Australian payments system, cyber risks in the Australian payments system, operational incidents at the ASX,
https://www.rba.gov.au/media-releases/2021/mr-21-02.html
Appointment of Assistant Governor, Business Services
10 Dec 2020
Media Releases
The Governor, Philip Lowe, is pleased to announce the appointment of Michelle McPhee to the position of Assistant Governor (Business Services) at the Reserve Bank of Australia.
https://www.rba.gov.au/media-releases/2020/mr-20-33.html
Next Generation of Banknotes: Enters General Circulation
29 Oct 2020
Media Releases
The new banknote entered general circulation on 29 October 2020.
https://www.rba.gov.au/media-releases/2020/mr-20-26.html
ASIC and RBA announce expectations for CHESS replacement
1 Oct 2020
Media Releases
ASIC and the Reserve Bank of Australia (RBA) (the regulators) have outlined their expectations of ASX as it replaces the Clearing House Electronic Sub-register System (CHESS).
https://www.rba.gov.au/media-releases/2020/mr-20-23.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
5 May 2020
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.
https://www.rba.gov.au/media-releases/2020/mr-20-13.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
7 Apr 2020
Media Releases
At its meeting today, the Board reaffirmed the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points, as well as the other elements of the package announced on 19 March 2020.
https://www.rba.gov.au/media-releases/2020/mr-20-11.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
19 Mar 2020
Media Releases
The coronavirus is first and foremost a public health issue, but it is also having a very major impact on the economy and the financial system.
https://www.rba.gov.au/media-releases/2020/mr-20-08.html
34th South Pacific Central Bank Governors' Meeting
22 Nov 2019
Media Releases
The Reserve Bank of Australia hosted Governors from South Pacific Central Banks on 19–20 November in Sydney on the occasion of the 34th South Pacific Central Bank Governors' Meeting
https://www.rba.gov.au/media-releases/2019/mr-19-31.html