News Headline Summary

RBA sees banks needing up to AUD 300bln more Basel III liquid assets, according to RBA deputy Governor Debelle

Says:

- Australian government debt expensive vs other sovereign debt.
- New liquidity fund won't impact balance sheet.
- Liquidity fund is part of RBA's response to Basel III.

Reaction details:

- No immediate reaction in AUD/USD or the ASX 200.

Print 01:34, 16 Aug 2013 - RBA - Source: Newswires