Lawyers in Australia have welcomed the Australian Prudential
Regulation Authoritys (Apra) consultation package on the
implementation of Basel III liquidity and capital reforms.
Prudential Standard APS 210 Liquidity paper, released this
month, details the regulators plans to employ Basel
IIIs global liquidity standards, as outlined in the Basel
Committee on Banking Supervisions (BCBS) September 2008
Sound Liquidity Risk Management and Supervision and in its
December 2010 Basel III -
International framework for liquidity risk measurement,
standards and monitoring.
They stipulate APRAs intentions to follow BCBSs
timetable and apply the 30-day Liquidity Coverage Ratio (LCR)
requirements, designed to address short-term liquidity shock,
from January 1 2015, and Net Stable Funding Ratio (NSFR)
standards, created to encourage longer-term stable funding,