In determining the fee, it must be remembered that ADIs will not only have the option of meeting their LCR requirements through the Reserve Bank’s liquidity facility, they will always have the option of meeting their LCR requirements through holding RBA obligations. This is because, as mentioned earlier, ES balances are also recognised as liquid assets.
I expect FIMMDA, with its expertise in valuation and role as a market developer will keep a close eye on this. 8. There have been discussions about market timings of various segments of financial markets.