On 6 May 2013 the Australian Prudential Regulation Authority
(APRA) released a
second consultation package outlining updates to its proposals to
implement the Basel III liquidity reforms for authorised
deposit-taking institutions (ADIs) in
Australia.
The package, comprising a discussion paper, a revised draft
Prudential Standard APS 210 Liquidity (APS 210) and a draft
Prudential Practice Guide APG 210 Liquidity, addresses several of
the issues raised in submissions on
APRA's previous discussion paper released in November
2011.
The 2011 discussion paper outlined APRA's proposals for the
implementation of the Basel III liquidity standards in Australia,
including the introduction of the 30 day Liquidity Coverage Ratio
(LCR), which accounts for an acute stress
scenario, and the Net Stable Funding Ratio (NSFR)
to encourage longer-term funding resilience. The consultation
package maintains these measures in the updated draft APS 210
subject to some adjustments to
