However, in the context of financial tensions, those elements that have typically been regarded as short-term noise have been found to offer important insights into the behaviour of the banking sector and, more broadly, how tensions in the money market and shocks to bank capital have influenced the financial system and the economy.
And, as part of  BIS Review 45/2004  5  the effort to enhance trans-Tasman co-ordination, we will be reviewing our requirements to see where we could achieve better alignment.