Methodology used to determine asset liquidity in HQLA system
Dear Australian Prudential Regulation Authority,
When determining what asset classes qualify as high-quality liquid assets in Australia, APRA said in 2011 that it "has taken into account the amount of the instrument on issue, the degree to which the instrument is broadly or narrowly held, and the degree to which the instrument is traded in large, deep and active markets".
Can you please release documentation relating to the methodology used to make this determination, including for instance:
- Correspondence with banks and any other market participants (eg the ASX, trustees) around trading volume of assets in the open market.
- Other data available to APRA demonstrating that an asset class is or is not traded in "large, deep and active markets".
- Documentation available to APRA demonstrating "the degree to which the instrument is broadly or narrowly held".
Yours faithfully,
Laurence Davison
Dear Mr Davison
I acknowledge your request as set out below. We are processing your
request and will respond to you soon.
Kind regards
APRA FOI Officer
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY
1 Martin Place (Level 12), Sydney, NSW 2000
GPO Box 9836, Sydney, NSW 2001
T 02 9210 3000 | W [1]www.apra.gov.au
[2]http://www.apra.gov.au/PublishingImages/...
-----Original Message-----
From: Laurence Davison
[mailto:[FOI #3033 email]]
Sent: Thursday, 9 February 2017 12:22 PM
To: Freedom of Information <[email address]>
Subject: Freedom of Information request - Methodology used to determine
asset liquidity in HQLA system
Dear Australian Prudential Regulation Authority,
When determining what asset classes qualify as high-quality liquid assets
in Australia, APRA said in 2011 that it "has taken into account the amount
of the instrument on issue, the degree to which the instrument is broadly
or narrowly held, and the degree to which the instrument is traded in
large, deep and active markets".
Can you please release documentation relating to the methodology used to
make this determination, including for instance:
- Correspondence with banks and any other market participants (eg the ASX,
trustees) around trading volume of assets in the open market.
- Other data available to APRA demonstrating that an asset class is or is
not traded in "large, deep and active markets".
- Documentation available to APRA demonstrating "the degree to which the
instrument is broadly or narrowly held".
Yours faithfully,
Laurence Davison
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Dear Mr Davison
Please see attached, APRA’s Notice of Decision to you dated 13 March 2017.
Kind regards
APRA FOI Officer
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY
1 Martin Place (Level 12), Sydney, NSW 2000
GPO Box 9836, Sydney, NSW 2001
T 02 9210 3000 | W www.apra.gov.au
-----Original Message-----
From: Laurence Davison [mailto:[FOI #3033 email]]
Sent: Thursday, 9 February 2017 12:22 PM
To: Freedom of Information <[email address]>
Subject: Freedom of Information request - Methodology used to determine asset liquidity in HQLA system
Dear Australian Prudential Regulation Authority,
When determining what asset classes qualify as high-quality liquid assets in Australia, APRA said in 2011 that it "has taken into account the amount of the instrument on issue, the degree to which the instrument is broadly or narrowly held, and the degree to which the instrument is traded in large, deep and active markets".
Can you please release documentation relating to the methodology used to make this determination, including for instance:
- Correspondence with banks and any other market participants (eg the ASX, trustees) around trading volume of assets in the open market.
- Other data available to APRA demonstrating that an asset class is or is not traded in "large, deep and active markets".
- Documentation available to APRA demonstrating "the degree to which the instrument is broadly or narrowly held".
Yours faithfully,
Laurence Davison
-------------------------------------------------------------------
Please use this email address for all replies to this request:
[FOI #3033 email]
Is [APRA request email] the wrong address for Freedom of Information requests to Australian Prudential Regulation Authority? If so, please contact us using this form:
https://www.righttoknow.org.au/change_re...
This request has been made by an individual using Right to Know. This message and any reply that you make will be published on the internet. More information on how Right to Know works can be found at:
https://www.righttoknow.org.au/help/offi...
If you find this service useful as an FOI officer, please ask your web manager to link to us from your organisation's FOI page.
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IMPORTANT NOTICE:
This e-mail is intended solely for the person or organisation to whom it is addressed, and may contain secret, confidential or legally privileged information.
If you have received this e-mail in error or are aware that you are not authorised to have it, you MUST NOT use or copy it, or disclose its contents to any person. If you do any of these things, you may be sued or prosecuted.
If you have received this e-mail in error, please contact the sender immediately.
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