APRA announces $46 billion reduction in aggregate Committed Liquidity Facility
The Australian Prudential Regulation Authority (APRA) has issued a letter to authorised deposit-taking institutions (ADIs) announcing a $46 billion reduction in the aggregate amount in the Committed Liquidity Facility (CLF), from the amount as at 1 December 2020. The CLF was established between the Reserve Bank of Australia (RBA) and certain locally incorporated ADIs that are subject to the Liquidity Coverage Ratio (LCR).
The letter is available on the APRA website at: Aggregate Committed Liquidity Facility available to ADIs.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.