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Subjects / Liquidity

Newsletter December 2011: Australia to follow Basel liquidity timetable

Simon Turmaine | December 15, 2011

SYDNEY – The Australian Prudential Regulation Authority (APRA), the county’s banking and insurance watchdog, is proposing to apply the new global liquidity standards to its larger banks on the seven-year timetable set out by the Basel Committee. APRA’s plans for implementing the first global standards aimed at strengthening banks’ liquidity defences are set out in a discussion paper issued in mid-November.

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