ASF consultation on interest rate benchmark reform


The ASF benchmark reform working group has been finalising an industry guideline definition of BBSW and standard risk disclosure language for temporary and permanent unavailability of BBSW. This will be made publicly available through the ASF’s website.

The ASF has also been planning a formal industry consultation to seek feedback from market participants on the benefits and risks of BBSW fallback considerations and alternate benchmarks.  The ASF held an RFP to appoint a consultant to lead the consultation project. Following submissions from four parties, PwC was appointed as the consultant to work with the ASF benchmark reform working group on the project.

A background explanatory paper and questionnaire are currently being developed by the ASF with the assistance of PwC. These documents will be distributed to ASF members and other key securitisation industry stakeholders in Australia and offshore. The documents will form the base of the consultation and will be used to aid the “in person” interview process.  In that regard, the ASF will be reaching out shortly to key representatives of its member organisations to arrange meetings.  

The information collected from the consultation will be collated and contribute to a formal report that the ASF will publish later in the year.

What's On

Upcoming courses, seminars and networking opportunities for your professional development

DEC

3

Women in Securitisation networking event

Auckland

FEB

26

Securitisation Fundamentals course

Sydney

MAR

18/19

Securitisation Professionals course

Sydney

MAY

20

Securitisation Fundamentals course

Auckland

MAY

21

Securitisation Trust Management

Sydney

Australian Securitisation Journal

The Australian Securitisation Journal (ASJ) is the official journal of the Australian Securitisation Forum. The ASJ is published by KangaNews on a semi-annual basis.

Read the official journal of the ASF

Market snapshot

View a snapshot of the Australian structured credit market, courtesy of Macquarie Debt Markets Research. Key data is refreshed on a monthly basis.

View the latest market activity