Risk Australia: Banks move to more liquid assets

Australian banks are adapting their balance sheets in response to impending changes to liquidity requirements, but say the new rules could pose challenges for Australian institutions. Speaking at the Risk Australia conference in Sydney today, Simon Maidment, head of group funding at Commonwealth Bank of Australia (CBA), said that over the course of the past 12 months, CBA has increased its holdings of government and semi-government paper to increase its share of "liquid assets" on balance sheet