APRA reveals Australian second-tier liquid assets standard: repo eligibility [UPDATED]
- Friday, 17 December 2010
On December 17 the Australian Prudential Regulation Authority (APRA) released its approach to meeting the Basel Committee on Banking Supervision (Basel committee)'s bank liquid assets standards. Banks will be allowed to make up any shortfall in government-type debt with a committed secured liquidity facility containing as collateral any assets eligible for repo with the Reserve Bank of Australia (RBA).
