The Reserve Bank of Australia Committed Liquidity Facility

The Reserve Bank will provide a committed liquidity facility as part of Australia's implementation of the Basel III liquidity reforms. The facility, which is required because of the limited amount of government debt in Australia, is designed to ensure that participating authorised deposit-taking institutions have enough access to liquidity to respond to an acute stress scenario, as specified under the liquidity standard.  

Originally Published: 
16/11/2011