Any firm relying on this would be pursuing a very risky strategy. [9]  See Kent C (2020), ‘Benchmark Reforms’, Remarks to the Australian Securitisation Forum Virtual Symposium, Sydney, 17 November. Available at https://www.rba.gov.au/speeches/2020/sp-ag-2020-11-17.html and Kent C (2019), ‘Bonds and Benchmarks’, Speech at the KangaNews DCM Summit, Sydney, 19 March.
Doing so will ensure we do not unduly limit the development and potential future uses of the positive features of the crypto ecosystem. With that, I'd be happy to answer some questions. 1 The views expressed here are my own and do not necessarily reflect those of my  colleagues on the Board of Governors of the Federal Reserve System.