Liquid liabilities to become more expensive as a result of Basel III, says RBA's Debelle
Basel III liquidity rules, which will come into effect in 2015, imply that liabilities with less than 30 days to maturity will be more costly for the bank to provide, Reserve Bank of Australia (RBA) assistant governor Guy Debelle said today in a speech.
As a result, said Debelle, "one would expect to see an increase in the cost to the customer of obtaining that liquidity service. We have seen this start to occur in Australia as the implementation date of Basel III, January 1, 2015, comes into
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