1.Go to the website of the Reserve Bank of Australia and find the speech by Chris Aylmer, head of the domestic markets department, to the Australian Securitisation Forum on 11 November 2013, titled ‘Developments in Secured Issuance and RBA Reporting Initiatives’. From this, determine the total bond issues by banks, and discuss the difference between covered bond issues and unsecured issues and the advantages of each for an FI manager.

LO 8.3 , 8.4