The Australian Prudential Regulation Authority issued Prudential Standard APS 210 to require all authorised deposit-taking institutions to maintain stable funding and manage liquidity risks effectively. The standard mandates that institutions adopt robust risk management frameworks, maintain sufficient high-quality liquid assets to withstand severe stress, and implement comprehensive contingency funding plans. It further establishes specific quantitative requirements, including the Liquidity Coverage Ratio and Net Stable Funding Ratio, while defining distinct obligations for locally incorporated and foreign institutions.