Committee can decide measures to ‘reduce or avoid risks’, central bank says.
Banks required to hold incremental cash reserve ratio of 100%.
APRA says liquidity already monitored and ‘well managed’ by central bank protocols.
MOU includes agreements on market supervision, preventing systemic risk.
Move seen as ‘early warning system’ in preparation for potential interest rate rises.
Regulator and exchange will prompt brokers before CAR reaches minimum threshold.
Rules aim to impose ‘suitably tailored constraints’ on resolution authorities.
Regulator appoints Gumuri Hussain as executive chairman of Audit Oversight Board; Foo Lee Mei as chief regulatory officer.
Latest list indicates FSB and BCBS’s perception of systemic risk posed by 30 major banks.
Upcoming reports and consultations cover correspondent banking, conduct and derivatives regulation.