Endnotes [*]  Thanks to Chris Becker, Matt Boge and Ellis Connolly for their assistance with this talk, and the RBA staff who have operationalised the Board's policy decisions over recent months. [1]  The details of all of these operations, as well as the statistics on their usage, can be found on the RBA website.
At the micro, firm-specific level, many firms were too aggressive in gaming the system. The risks that built up in the trading book with inadequate regulatory or economic capital were a case in point.