Banks will have to project the extent of their reliance on the planned committed liquidity facility (CLF) with the Reserve Bank of Australia that the industry will use, if necessary, to overcome an assumed shortage of government bonds.APRA said in a discussion paper released on Monday that each bank's annual funding strategy must "clearly state the amount of the CLF required in the forecast period."The regulator said "an ADI must make every reasonable effort to manage its liquidity risk through its own balance sheet management before applying [for a CLF]" for the purposes of the liquidity coverage ratio. The purpose of the committed liquidity facility is "to cover any shortfall in Australian dollars between the ADI's holdings of high quality liquid assets and the liquidity coverage ratio requirement."