Search: bankruptcy
RBA Glossary definition for bankruptcy
bankruptcy – A legal status, which can be initiated by a creditor or person concerned, whereby the bankrupt's property is vested in a trustee and, with the exception of certain personal and professional property, is available for distribution to creditors.
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International Financial Co-operation
21 Aug 2002
RBA Annual Report
– 2002
That report canvassed the possibility of an international bankruptcy court and urged the widespread introduction of collective action clauses (CACs) in bonds. ... The idea of an international bankruptcy court foundered on the belief that it would be too
https://www.rba.gov.au/publications/annual-reports/rba/2002/intl-fin-coop.html
Operations in Financial Markets
12 Apr 2020
RBA Annual Report
– 2020
To collateralise these open repos, the Bank has permitted the use of certain related-party assets issued by bankruptcy remote vehicles, such as self-securitised Residential Mortgage-backed Securities (RMBS).
https://www.rba.gov.au/publications/annual-reports/rba/2020/operations-in-financial-markets.html
Operations in Financial Markets
24 Oct 2016
RBA Annual Report
– 2016
To collateralise these open repos, the Bank has permitted the use of certain related-party assets issued by bankruptcy remote vehicles, such as self-securitised RMBS. ... Self-securitised RMBS used in open repos do not have directly observable market
https://www.rba.gov.au/publications/annual-reports/rba/2016/operations-in-financial-markets.html
Safety and Stability
21 Mar 2002
PSB Annual Report
– 2001
Under this rule, a court may date the bankruptcy of an institution from the midnight before the bankruptcy order was made; transactions settled between midnight and the time of the bankruptcy
https://www.rba.gov.au/publications/annual-reports/psb/2001/safety-stability.html
Operations in Financial Markets
20 Sep 2018
RBA Annual Report
– 2018
To collateralise these open repos, the Bank has permitted the use of certain related-party assets issued by bankruptcy remote vehicles, such as self-securitised RMBS. ... Self-securitised RMBS used in open repos do not have directly observable market
https://www.rba.gov.au/publications/annual-reports/rba/2018/operations-in-financial-markets.html
Risk Management
12 Sep 2014
RBA Annual Report
– 2014
The credit risk is inherently limited as the securities are issued by bankruptcy-remote vehicles.
https://www.rba.gov.au/publications/annual-reports/rba/2014/risk-mgmt.html
Oversight of Clearing and Settlement Facilities
2 Oct 2009
PSB Annual Report
– 2009
Market volatility had been elevated since September 2007 when financial market strains first emerged, but was particularly high in late 2008 following the bankruptcy of Lehman Brothers (Graph 24). ... Furthermore, Australian market practices have
https://www.rba.gov.au/publications/annual-reports/psb/2009/oversight.html
Financial System Stability
21 Aug 2002
RBA Annual Report
– 2002
since 1993, corporate bond default rates rose to record levels and the number of bankruptcy filings increased sharply. ... In December, the US energy company Enron filed for Chapter 11 bankruptcy protection, the largest such filing in US history at that
https://www.rba.gov.au/publications/annual-reports/rba/2002/fin-sys-stability.html
Operations in Financial Markets
17 Oct 2019
RBA Annual Report
– 2019
To collateralise these open repos, the Bank has permitted the use of certain related-party assets issued by bankruptcy remote vehicles, such as self-securitised RMBS.
https://www.rba.gov.au/publications/annual-reports/rba/2019/operations-in-financial-markets.html
Safety and Stability
1 Oct 2000
PSB Annual Report
– 2000
court may date the bankruptcy of an institution from the midnight before the bankruptcy order was made; there was also uncertainty about whether a multilateral netting arrangement would be enforceable in
https://www.rba.gov.au/publications/annual-reports/psb/2000/safety-stability.html