Australia regulator rejects liquidity facility for use under NSFR
Apra rejects the argument that a liquidity line from the central bank can be used to meet NSFR requirement
Australia's banking regulator has given a clear indication that it is not prepared to allow a liquidity line from the country's central bank to help meet new stable funding requirements from the Basel Committee.
A committed liquidity facility (CLF) was established in order to help banks meet their commitments under the liquidity coverage ratio (LCR). Under this arrangement, banks can secure a commitment from the Reserve Bank of Australia (RBA) to provide liquidity against a range of assets under
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