The RBA Committed Liquidity Facility – Legal Documentation

Media Release Number 2014-16: The Reserve Bank will provide a committed liquidity facility (CLF) as part of Australia’s implementation of the Basel III liquidity reforms from 1 January 2015. The facility, which is required because of the limited amount of government debt securities in Australia, is designed to ensure that participating authorised deposit-taking institutions (ADIs) have access to enough liquidity to respond to an acute stress scenario, as specified under the liquidity standard.