Australia banks unfazed by speedy LCR implementation
Regulators have brought in Basel III liquidity measures ahead of peers but the industry is ready
The implementation of stringent liquidity standards could very reasonably be considered less urgent in Australia than in other countries, given its banks weathered the financial crisis in good shape and its domestic supply of liquid assets is insufficient to fill bank liquidity buffers to the required level. Yet the Basel III liquidity coverage ratio (LCR) came into full force in Australia on January 1, 2015, ahead of many other countries.
Underpinning the implementation of the LCR is Australia
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