Regulators Release Feedback on Financial Institutions’ Preparation for LIBOR Transition

Media release number 2020-12: ASIC has released feedback on responses to the ‘Dear CEO’ letter from selected major Australian financial institutions, detailing their preparation for the end of London Interbank Offered Rate (LIBOR) – an initiative supported by the Australian Prudential Regulation Authority (APRA), and the Reserve Bank of Australia (RBA).