As the adjustment process in the financial sector over the coming months is likely to prove challenging, the financial system could be more vulnerable than before to the crystallisation of other risks that have been identified in previous issues of the FSR and which remain relevant.
Consequently, we are making sure that our methodology for the cash rate is also in line with the IOSCO benchmark principles. We are in the process of ensuring that our data collection is capturing all cash market trades appropriately and that we can match data from both sides of the transactions.