RBA deputy sets out potential changes to interest rate benchmark
Debelle emphasises importance of bank bill swap rate
Possible reforms to the bank bill swap rate (BBSW) to ensure it remains trustworthy and reliable will need to be acted on to ensure it remains a "trusted, reliable and robust" benchmark, according to Guy Debelle, an assistant governor at the Reserve Bank of Australia.
Speaking in Sydney, Debelle said benchmarks such as BBSW were "a very critical part of the plumbing of the financial system".
There are some areas for improvement, he said. "There are quite a number of days where there is no
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