Business
Unique $240b bank liquidity fund to shrink – The Australian Financial Review
APRA chairman Wayne Byres says banks would soon need to ‘rely a bit less’ on the RBA’s liquidity facility, in a shake-up that would prod them to buy more balloo…
Mr Byres’ comments are the first official confirmation of a report by The Australian Financial Review in September flagging the unwinding of the $243 billion CLF.
He said APRA originally “fought hard” a few years ago at global regulator forums to have the CLF included in the international Basel III liquidity coverage ratio rules when Australian government debt was relatively low.
I don’t see us going down a path where all the debt’s just gone up so we just switch the CLF off entirely. I don’t …
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