On Friday, the Australian Prudential Regulatory Authority (APRA) released aggregate results on the Committed Liquidity Facility (CLF) established between the RBA and certain locally incorporated Authorised Deposit-Taking Institutions (ADIs), with $243 billion total CLF allocated for 2019:
APRA implemented the LCR on 1 January 2015. The LCR is a minimum requirement that aims to ensure that ADIs maintain sufficient unencumbered high-quality liquid assets (HQLA) to survive a severe liquidity stress scenario lasting for 30 calendar days. The LCR is part of the Basel III package of measures to strengthen the global banking system.
