The Bank for International Settlements (BIS) has published a report entitled "Towards Better Reference Rate Practices: A Central Bank Perspective". This report reviews issues in relation to the use and production of reference interest rates from the perspective of Central Banks. These issues reflects the possible risks for monetary transmission and financial stability that may arise from deficiencies in the design of reference interest rates, market abuse, or for market participants using reference interest rates which embody economic exposures rather than the ones they actually want or need. The Group has identified an urgent need to strengthen reliability and robustness of existing reference rates and for enhancing reference rate choice.