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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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
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
Box A: Evolving Financial Conditions in China
27 Nov 2018
SMP
– November 2018
system. The authorities discouraged shadow financing by improving regulatory coordination across different agencies, introducing more stringent asset management regulations and restricting bank lending to the shadow banking sector. ... These actions have
https://www.rba.gov.au/publications/smp/2018/nov/box-a-evolving-financial-conditions-in-china.html
The International Environment
27 Nov 2018
SMP
– November 2018
Conflict between the new Italian Government and the European Commission over the Italian budget, or a downgrade of Italian sovereign debt to non-investment grade by the major rating agencies, could ... The authorities also remain mindful about the need
https://www.rba.gov.au/publications/smp/2018/nov/the-international-environment.html
Domestic Financial Markets
10 Aug 2017
SMP
– August 2017
Over recent months, the ratings of many Australian financial institutions have been downgraded by credit rating agencies. ... Ratings agencies indicated that the accumulation of debt in the household sector was a significant factor in their decisions.
https://www.rba.gov.au/publications/smp/2017/aug/domestic-financial-markets.html
Box B: Recent Developments in Chinese Financial Regulations
10 Aug 2017
SMP
– August 2017
The regulatory measures are wide-ranging and entail a degree of coordination across agencies. ... In response, the China Banking Regulatory Commission (CBRC) instructed banks to conduct internal reviews and monitor their existing channel investments in
https://www.rba.gov.au/publications/smp/2017/aug/box-b-recent-developments-in-chinese-financial-regulations.html
International and Foreign Exchange Markets
10 Aug 2016
SMP
– August 2016
Yields on UK sovereign bonds declined despite a ratings downgrade (by two ratings agencies) following the referendum. ... around 70 per cent of banking assets in the European Union) in strengthening their capital.
https://www.rba.gov.au/publications/smp/2016/aug/international-and-foreign-exchange-markets.html
Domestic Financial Markets
9 May 2016
SMP
– May 2016
major ratings agencies. ... Falls in global banking stocks amid increased concerns about bank profitability have been a factor, as has been the evidence of a levelling out in housing activity in Australia and signs
https://www.rba.gov.au/publications/smp/2016/may/domestic-financial-markets.html
Domestic Financial Markets
4 Feb 2016
SMP
– February 2016
Business lending rates remain close to historic lows for both small and large businesses, consistent with strong competition in the banking sector. ... The credit ratings agencies have made downward revisions to their price assumptions on a number of
https://www.rba.gov.au/publications/smp/2016/feb/domestic-financial-markets.html
International and Foreign Exchange Markets
10 May 2015
SMP
– May 2015
The increase in European bank earnings in the quarter owed to increased corporate and institutional banking activity and cost-cutting. ... The net inflow to the private financial sector reflected net inflows to both the banking sector and ‘other
https://www.rba.gov.au/publications/smp/2015/may/intl-fx-mkts.html