Australia’s top financial regulators have sought to reassure markets and savers that the financial system remains strongly capitalised and flush with liquidity.
for future rate increases, with markets on Tuesday fully pricing for the cash rate to stay on hold at 3.6 per cent when the RBA next meets on April 4.
“APRA’s ‘unquestionably strong’ capital requirements, combined with liquidity coverage ratio and net stable funding ratio requirements to reinforce liquidity and funding resilience, mean the Australian banking system is well-positioned to adjust to evolving economic conditions and other external shocks,” the regulators said.
Longer-term funding includes three- or five-year bonds; short-term debt has tenor of less than a year.
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