Why the enforcers need the banks’ protection money

The big banks are tipping in the lion’s share of $275bn into a liquidity facility that may never be used, but it’s an insurance policy we all have to have.

The Australian Prudential Regulation Authority and Reserve Bank arrangements for emergency liquidity support for banks in any future crisis have generated considerable controversy. In finalising those arrangements today, however, APRA underscored their necessity.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles