From next April, banks and all small deposit taking entities will have to be on standby to supply daily reports on their liquidity if requested by the banking regulator.The Australian Prudential Regulation Authority at present collects this data fortnightly or monthly for many banks.On Friday, APRA said it was now proposing that it should be able to request a completed template report from an ADI  "with no more than a one business day time lag."The regulator said it was "intended that the report would be used by APRA and the RBA to assist in assessing the liquidity position of an ADI, or group of ADIs, where there are doubts about that position."APRA said an ADI would not need to produce the report every day, "but would need to have the operational capacity to do so on APRA's request," perhaps for a "random fire drill to test an ADI's operational capacity."