The Australian Prudential Regulation Authority (“APRA”) has released for consultation a discussion paper outlining its proposed implementation of the Basel III liquidity reforms in Australia. 

The discussion paper and draft “Prudential Standard APS 210 Liquidity” incorporate the Basel III liquidity reforms released by the Basel Committee on Banking Supervision in December 2010 and enhanced qualitative requirements outlined in the Basel Committee’s “Principles for Sound Liquidity Risk Management and Supervision” released in September 2008.