As more market participants collateralise their exposures in both directions, this should also free collateral for the system (in aggregate), and enhance liquidity and the resilience of the Australian derivatives markets. Secondly, late last year, the Reserve Bank announced new data reporting requirements for repo-eligible RMBS.
The information required by the Bank includes loan-level and other transaction specific data that issuers must also make publicly available. These initiatives are designed to help the Bank assess the quality of RMBS provided as collateral and will also improve the transparency of the market as a whole.