Eligibility for the Committed Liquidity Facility from the Reserve Bank of Australia will be narrowed, the Australian Prudential Regulation Authority indicated yesterday."There is no shortage of MLH [minimum liquidity holding] securities in Australia, and consequently no foreign bank branch will require a CLF in order to meet its liquid assets requirement [from January 2015]," APRA said.Foreign banks may lose access to a back stop designed for local banks, but will also get to satisfy an easier test of liquidity.APRA "will apply an LCR with a 15 calendar day time horizon to branches, rather than the full 30 calendar day time horizon applied to locally-incorporated ADIs," the regulator said.