This follows an initial consultation in November 2017 and ongoing discussion with issuers and investors over the past year.Deputy Governor Head of Financial Stability Geoff Bascand says the new standard aims to reduce contingency risks for the Reserve Bank as a lender of last resort and provide issuers and investors with an additional funding and investment instrument.“It will ultimately support the development of deeper capital markets,” he says.The consultation paper summarises the changes proposed in response to the key issues raised by industry and sets out the revised mortgage bond standard in an exposure draft for final consultation.The Bank expects to issue final decisions in March 2019, and commence implementation from June 2019. A five-year transition to full implementation is proposed.The consultation closes at 5.00 pm on 22 February 2019.