•  It will examine the broader effects of the reforms, including the functioning of  the financial system, market fragmentation, cost and availability of financing to the  _____________ 8 9  https://www.fsb.org/2019/06/fsb-publishes-consultation-on-sme-financing-evaluation/ Financial Stability Board (2011), “Policy Measures to Address Systemically Important Financial Institutions”, November 2011. For details see the terms of reference (https://www.fsb.org/2019/05/evaluationof-too-big-to-fail-reforms-summary-terms-of-reference/).
What I am going to talk about is related to the essence of  Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks (2019) "Final Report on the Results of the Public Consultation on the Appropriate Choice and Usage of Japanese Yen Interest Rate Benchmarks," available at https://www.boj.or.jp/en/paym/market/jpy_cmte/data/cmt191129b.pdf.