Interest Rate Benchmarks for the Securitisation Market One final point I’d like to make on pricing, is that RMBS issuers and investors should be considering the implications of developments in interest rate benchmarks.
In light of the issues around benchmarks such as LIBOR (the London Inter-Bank Offered Rate), substantial efforts have been made to reform these benchmarks to support the smooth functioning of the financial system. BBSW rates are important Australian dollar interest rate benchmarks, and the 1-month BBSW 14 / 16  BIS central bankers' speeches  rate is frequently used in the securitisation market.