We are still doing backtesting on a proposed change to the calculation of the FRR.
Ooh, interesting. Don't know whether it was mentioned before, but I'm curious; which proposal are you testing?
We are testing a few different formulas, mainly centered on making the FRR more responsive to more current changes. One of them is an exponential weighted average. This is a potentially big change, so we want to avoid disruption and are being cautious. That being said, I don't think that we may get it perfect on the first try, and I see it potentially needing to be tweaked further.