So regardless of the robustness of BBSW, we can expect to see a shift towards referencing risk-free rates in Australia for some products if that is the trend adopted offshore. The risk-free rate in Australia Before I conclude, I want to make a few comments on Australia’s risk-free rate, which again is the cash rate.
The RBA is the administrator of the cash rate benchmark. Accordingly, we’ve made sure that the procedures underpinning the cash rate are robust.