APRA issues letter to ADIs announcing $35 billion reduction in aggregate amount in Committed Liquidity Facility
The Australian Prudential Regulation Authority (APRA) has announced a $35 billion reduction in the aggregate amount in the Committed Liquidity Facility (CLF) established between the Reserve Bank of Australia (RBA) and certain locally incorporated authorised deposit-taking institutions (ADIs) that are subject to the Liquidity Coverage Ratio (LCR) from the amount at the start of 2020.
The letter to ADIs 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.