•  Finally, foreign bank branches have less demand for bank paper than in the past since it is not considered a high-quality liquid asset under the Liquidity Coverage Ratio either in Australia or in their home jurisdictions. Despite these challenges, it is crucial that BBSW remain a trusted, reliable and robust financial benchmark given its importance to the financial system.
At the beginning many of the issues have related to accepting, confirming and further developing the issues prepared by the High-Level Group. Now there is an on-going transition period, during which a comprehensive assessment of significant banks is carried out. During the same period other preparations for the SSM are to be completed.