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APRA provides an update on reduction of the aggregate Committed Liquidity Facility

Thursday 8 September 2022

The Australian Prudential Regulation Authority (APRA) has issued a letter to authorised deposit-taking institutions (ADIs) announcing the aggregate Committed Liquidity Facility (CLF) has reduced to approximately $33 billion on 1 September 2022, from around $66 billion on 1 May 2022. 

This follows APRA’s announcement in September 2021 that it expects locally-incorporated ADIs subject to the Liquidity Coverage Ratio (LCR) to reduce their reliance on the CLF to zero by the end of 2022 subject to financial market conditions.

The letter is available on the APRA website at: Aggregate Committed Liquidity Facility - September 2022.

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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $7.9 trillion in assets for Australian depositors, policyholders and superannuation fund members.