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12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
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69.38%
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67.09%
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Banks may face higher costs

By Staff Reporter
23 October 2009 | 1 minute read

Banks may soon face higher costs thanks to the implementation of new liquidity rules, according to the Australian Prudential Regulation Authority (APRA).

Earlier this month APRA proposed some changes to the liquidity rules currently governing the industry after saying the existing rules were insufficient.

APRA executive general manager of policy, Charles Littrell, told a Senate estimates hearing yesterday the banks would have to develop new systems and reorganise their balance sheets to comply with the liquidity proposals.

Under the new proposals, banks could be forced to increase the number of liquid assets they hold as protection against short term loss of access to global capital markets.

They would have to have enough liquid assets to survive on their own for a month, rather than one week as it is currently stipulated.

Moreover, bank bills and mortgage backed securities would no longer qualify as liquid assets, only high quality assets such as government bonds would qualify.

Banks may face higher costs
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.