In October 2009, the Reserve Bank released an updated version of its liquidity policy for banks Liquidity Policy (BS13) (PDF 189KB) and Liquid Assets Annex (BS13A) (PDF 127KB). Compared to the version issued on 30 June 2009, the updated policy reflects changes in the calibration of the minimum ratio requirements, in the light of feedback from banks on the expected impact of those requirements.
The Reserve Bank has now imposed new conditions of registration on most locally-incorporated banks requiring them to comply with the policy from 1 April 2010. A Regulatory Impact Assessment (PDF 203KB) of the new liquidity requirements sets out the objectives of the policy and the alternative options considered for achieving them, and assesses the relative costs and benefits of those options.
This completes the first stage of the implementation of the liquidity policy. A letter of 7 October 2009 (PDF 37KB) summarises further stages that the Reserve Bank is planning to achieve full implementation of the policy. In particular, the Reserve Bank intends to increase the minimum one-year core funding ratio from its initial level of 65%, to 70% from 1 July 2011, and to 75% from 1 July 2012. The Reserve Bank will keep this plan under review in the light of funding market conditions and banks’ experience in complying with the initial requirement.
In addition, the Reserve Bank will shortly be proposing new conditions of registration for the remaining registered banks, including branches of overseas-incorporated banks, to implement the liquidity policy for them. In October 2009, the Reserve Bank released an updated version of its liquidity policy for banks Liquidity Policy (BS13) (PDF 189KB) and Liquid Assets Annex (BS13A) (PDF 127KB). Compared to the version issued on 30 June 2009, the updated policy reflects changes in the calibration of the minimum ratio requirements, in the light of feedback from banks on the expected impact of those requirements.
The Reserve Bank has now imposed new conditions of registration on most locally-incorporated banks requiring them to comply with the policy from 1 April 2010. A Regulatory Impact Assessment (PDF 203KB) of the new liquidity requirements sets out the objectives of the policy and the alternative options considered for achieving them, and assesses the relative costs and benefits of those options.
This completes the first stage of the implementation of the liquidity policy. A letter of 7 October 2009 (PDF 37KB) summarises further stages that the Reserve Bank is planning to achieve full implementation of the policy. In particular, the Reserve Bank intends to increase the minimum one-year core funding ratio from its initial level of 65%, to 70% from 1 July 2011, and to 75% from 1 July 2012. The Reserve Bank will keep this plan under review in the light of funding market conditions and banks’ experience in complying with the initial requirement.
In addition, the Reserve Bank will shortly be proposing new conditions of registration for the remaining registered banks, including branches of overseas-incorporated banks, to implement the liquidity policy for them.
The Reserve Bank has now imposed new conditions of registration on most locally-incorporated banks requiring them to comply with the policy from 1 April 2010. A Regulatory Impact Assessment (PDF 203KB) of the new liquidity requirements sets out the objectives of the policy and the alternative options considered for achieving them, and assesses the relative costs and benefits of those options.
This completes the first stage of the implementation of the liquidity policy. A letter of 7 October 2009 (PDF 37KB) summarises further stages that the Reserve Bank is planning to achieve full implementation of the policy. In particular, the Reserve Bank intends to increase the minimum one-year core funding ratio from its initial level of 65%, to 70% from 1 July 2011, and to 75% from 1 July 2012. The Reserve Bank will keep this plan under review in the light of funding market conditions and banks’ experience in complying with the initial requirement.
In addition, the Reserve Bank will shortly be proposing new conditions of registration for the remaining registered banks, including branches of overseas-incorporated banks, to implement the liquidity policy for them. In October 2009, the Reserve Bank released an updated version of its liquidity policy for banks Liquidity Policy (BS13) (PDF 189KB) and Liquid Assets Annex (BS13A) (PDF 127KB). Compared to the version issued on 30 June 2009, the updated policy reflects changes in the calibration of the minimum ratio requirements, in the light of feedback from banks on the expected impact of those requirements.
The Reserve Bank has now imposed new conditions of registration on most locally-incorporated banks requiring them to comply with the policy from 1 April 2010. A Regulatory Impact Assessment (PDF 203KB) of the new liquidity requirements sets out the objectives of the policy and the alternative options considered for achieving them, and assesses the relative costs and benefits of those options.
This completes the first stage of the implementation of the liquidity policy. A letter of 7 October 2009 (PDF 37KB) summarises further stages that the Reserve Bank is planning to achieve full implementation of the policy. In particular, the Reserve Bank intends to increase the minimum one-year core funding ratio from its initial level of 65%, to 70% from 1 July 2011, and to 75% from 1 July 2012. The Reserve Bank will keep this plan under review in the light of funding market conditions and banks’ experience in complying with the initial requirement.
In addition, the Reserve Bank will shortly be proposing new conditions of registration for the remaining registered banks, including branches of overseas-incorporated banks, to implement the liquidity policy for them.
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