NAB excludes internal RMBS from liquid assets calculation

National Australia Bank (NAB) gave a strong hint of its expectations for Australia's future liquid assets regime at its annual results presentation on October 27, by excluding its A$21 billion (US$22 billion) of internal residential mortgage-backed securities (RMBS) from its liquid asset holdings. The bank also disclosed a larger and more conservatively constructed liquids book than the most recent previous big four bank to announce results.