Investor Presentaiton
Liquidity coverage ratio 132%.
CLF reduction almost complete.
Liquidity coverage ratio¹ (LCR) (quarterly average, $bn)
September qtr 2021
LCR 129%
174
March qtr 2022
LCR 137%
Capital, funding and liquidity
Liquidity coverage ratio¹ (quarterly average, %)
September qtr 2022
LCR 132%
4
137
197
28
191
16
(8)
(5)
(1)
5
132
37
144
134
34
10
137
90
36
12
169
96
96
145
Includes removal
of net cash
outflow overlay
31
13
2
176
Mar-22
Qtr
HQLA
CLF
Customer Wholesale Other flows
Deposits funding
Sep-22
Qtr
101
Net cash
outflows
Liquid assets
Net cash
outflows
Liquid assets Net cash
outflows
Liquid assets
Net cash outflows (NCOs)
Liquid assets
Other flows²
Committed Liquidity Facility (CLF)
Wholesale funding
High Quality Liquid Assets (HQLA)
Customer deposits
Westpac CLF phase-out ($bn)
37.00
27.75
30/09/2021
1/01/2022
18.50
1/05/2022
9.25
1/09/2022
0
1/01/2023³
1 LCR is calculated as the percentage ratio of stock of liquid assets over the total net cash outflows in a modelled 30 day defined stressed scenario. Liquid assets include HQLA as defined in APS 210, RBNZ eligible liquids and CLF eligible securities.
2 Other flows include credit and liquidity facilities, collateral outflows and inflows from customers. Other flows also includes the net cash outflow overlay. Effective 1 January 2021, the Group was required to increase the value of its net cash outflows by
10% for the purpose of calculating LCR, in response to action taken by APRA for breaches of Westpac's liquidity requirements predominantly relating to WNZL. The overlay was removed from 1 September 2022. 3 Per APRA updated guidance, the CLF
will now cease to exist by 1 January 2023 instead of 31 December 2022.
94
Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
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