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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Box D: Covered Bond Issuance by Australian Banks
10 Feb 2012
SMP
– February 2012
Covered bonds issued by some European banks, such as those in France, have been trading at much higher spreads, highlighting investor concerns about those banking systems. ... Footnote. Under the. Banking Amendment (Covered Bonds) Act 2011. , any
https://www.rba.gov.au/publications/smp/2012/feb/box-d.html
Box A: Small Banks in China
9 Aug 2019
SMP
– August 2019
The People's Bank of China (PBC) has sought to maintain favourable financing conditions by ensuring a generally high level of liquidity in China's banking system. ... There is also ongoing uncertainty around the authorities' approach to bank resolution
https://www.rba.gov.au/publications/smp/2019/aug/box-a-small-banks-in-china.html
International and Foreign Exchange Markets
10 Feb 2010
SMP
– February 2010
each agency maintains a positive net worth; previously the limit was US$200 billion per firm. ... much larger losses as a result of the Government's bailout of the banking system.
https://www.rba.gov.au/publications/smp/2010/feb/intl-fx-mkts.html
International and Foreign Exchange Markets
10 Nov 2012
SMP
– November 2012
The results of the independent ‘bottom-up’ audits of the Spanish banking sector were published in late September. ... South Korea's sovereign credit rating was upgraded by all three major credit rating agencies, based on strong fiscal fundamentals
https://www.rba.gov.au/publications/smp/2012/nov/intl-fx-mkts.html
International and Foreign Exchange Markets
10 Nov 2009
SMP
– November 2009
In the United States, spreads between yields on housing agency debt and US Treasuries are near pre-crisis lows. ... The Fed also reduced its target for agency debt purchases from US$200 billion to around US$175 billion.
https://www.rba.gov.au/publications/smp/2009/nov/intl-fx-mkts.html
International and Foreign Exchange Markets
10 May 2009
SMP
– May 2009
Spreads for countries in Western Europe with banking sectors exposed to the region also widened. ... Subsequently, a number of countries including Estonia, Hungary, Latvia and Lithuania were downgraded by rating agencies.
https://www.rba.gov.au/publications/smp/2009/may/intl-fx-mkts.html
International and Foreign Exchange Markets
10 Nov 2008
SMP
– November 2008
The US Government's agency support package did not prevent conditions in financial markets from deteriorating further. ... There has been virtually no private issuance in the United States, while agency issuance has slowed considerably.
https://www.rba.gov.au/publications/smp/2008/nov/intl-fx-mkts.html
International and Foreign Exchange Markets
10 Aug 2009
SMP
– August 2009
In the United States, the Fed has eased monetary policy through outright purchases of US Treasuries, agency MBS and agency bonds. ... The housing agencies Fannie Mae and Freddie Mac reported first-quarter losses of around US$23 billion and US$10 billion,
https://www.rba.gov.au/publications/smp/2009/aug/intl-fx-mkts.html
The International Environment
6 May 2022
SMP
– May 2022
To offset this reduction in crude oil supply, members of the International Energy Agency (and particularly the United States) have released oil from their strategic reserves. ... However, emerging markets had received only modest banking and portfolio
https://www.rba.gov.au/publications/smp/2022/may/the-international-environment.html
International and Foreign Exchange Markets
10 Feb 2013
SMP
– February 2013
The recapitalisation of Spain's banking sector by the public sector is underway, with 39 billion in public capital having been provided to eight Spanish banks. ... In January, the Basel Committee on Banking Supervision (BCBS) issued its revised Liquidity
https://www.rba.gov.au/publications/smp/2013/feb/intl-fx-mkts.html