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As part of the Basel III liquidity reforms the RBA will establish a secure committed liquidity facility. This is necessary due to the shortage of

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

This is necessary due to the shortage of capital required to be held by FIs.

This is necessary due to the shortage of Australian government debt, T-bonds and T-notes, used in open market operations.

This is necessary due to the shortage of international funds to purchase repos.

All of the listed options are correct.

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