But we also have a common interest in ensuring that the system as a whole can develop as efficiently and cost effectively as possible. I’ve been asked to talk today about the Reserve Bank’s role in that. As you know, the RBA launched a strategic review of payments innovation in July last year.
The Bank will shortly publish an indicative yield  2  curve for domestic debt to provide guidance to the market, and will also use this benchmark to price trades with its own account holders. We do hope that these initiatives will contribute to the development of an active secondary securities market and advance the development of the local capital market.