How the Aussie banks dodged a bullet

For anyone who forgot to mark their calendar, the Basel III Liquidity Coverage Ratio came into force on January 1st.These new rules are designed to improve the global banking system’s resilience during financial crises. Lenders such as Westpac (ASX:WBC), ANZ (ASX:ANZ), NAB (ASX:NAB) and Commonwealth Bank (ASX:CBA) are now required to hold enough easy-to-sell and safe assets to ensure they can fund their short-term obligations for at least one month should credit markets seize up, as they did in 2009.The simplest way for a bank to satisfy the new regulations is to stash away reserves at the Reserve Bank of...

For anyone who forgot to mark their calendar, the Basel III Liquidity Coverage Ratio came into force on January 1st.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

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

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Related Articles