As Part of the Basel III Liquidity Reforms the RBA

Multiple Choice

As part of the Basel III liquidity reforms the RBA will establish a secure committed liquidity facility.

A) This is necessary due to the shortage of capital required to be held by FIs.
B) This is necessary due to the shortage of Australian government debt, T-bonds and T-notes, used in open market operations.
C) This is necessary due to the shortage of international funds to purchase repos.
D) All of the listed options are correct.