Australian banks look to stable deposits to meet LCR, says Debelle
Liquidity Coverage Ratio comes into effect in January
Australian banks are working to build a "more stable deposit base", to comply with the liquidity coverage ratio (LCR), which comes into effect in January, assistant governor of the Reserve Bank of Australia (RBA) Guy Debelle said today.
Speaking at the 27th Australasian Finance and Banking Conference in Sydney, Debelle explained part of the transition from less to more stable deposits is being "induced" by price signals. "Interest rates offered on new or existing deposit products which are
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