4  BIS Review 167/2009  Lending practices The Federal Reserve has already taken steps to implement and enforce safeguards to shield consumers from hazards in the market. In recent years, we have created a blanket of new protections for consumers under the Home Ownership and Equity Protection Act, adding layers of defenses for borrowers as they participate in the economy.
Ensuring BBSW Remains a Robust Benchmark The equivalent interest rate benchmark for the Australian dollar is BBSW, and the Council of Financial Regulators (CFR) is working closely with industry to ensure that it remains a robust financial benchmark. BBSW is currently calculated from executable bids and offers for bills issued by the major banks.