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ARTICLE · 11 FEBRUARY 2014

APRA's final Basel III liquidity rules now in force

The updated Prudential Standard APS 210 Liquidity (APS 210) implements key parts of the Basel III liquidity reforms.

AustraliaFinance and Banking

Key Points:

The updated Prudential Standard APS 210 Liquidity (APS 210) implements key parts of the Basel III liquidity reforms.

On 20 December 2013, the Australian Prudential Authority (APRA) released its final rules on key elements of the Basel III liquidity reforms for authorised deposit-taking institutions (ADIs) in Australia.

These came into effect on 1 January 2014 in the form of updated Prudential Standard APS 210 Liquidity (APS 210) and Prudential Practice Guide APG 210 Liquidity (APG 210). Accompanying the final liquidity rules was a paper providing a response to submissions on earlier drafts of APS 210 and APG 210 released by APRA on 6 May 2013.

The final APS 210 and APG 210 largely reflect the May drafts, although amendments have been made to clarify and refine discrete aspects of the liquidity rules.

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