In the effort of developing a better benchmark floating interest rate for the money market, which of the following factors should a financial market regulator consider? (Select all that apply)
A) It should be referenced by large amount of traded assets to ensure it is a true reflection of the cost of capital.
B) It should have only an overnight tenor to exclude any uncertainties from time horizon.
C) It should not be responsive to counterparty risk, especially when credit conditions in the wholesale funding market worsen, so that it is truly risk-free.
D) It can be an unsecured rate derived from transactions in the uncollateralised borrowing market.