Search: LIBOR
RBA Glossary definition for LIBOR
LIBOR – The London Inter-Bank Offered Rate (LIBOR) is a reference rate based on the interest rates at which banks offer to transact with each other on an unsecured basis in the London market. The LIBOR reflects quotes by a panel of banks for maturities of up to 12 months for the euro, Japanese yen, Swiss franc, UK Pound sterling, and the US dollar. The reference rates are set at 11.00 am London time.
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Regulators Urge Financial Institutions to Plan for LIBOR Transition
9 May 2019
Media Releases
In particular, users of LIBOR should:. be aware of the size and nature of their exposures to LIBOR;. ... LIBOR and to take timely action to plan for a world in which LIBOR is no longer available.’.
https://www.rba.gov.au/media-releases/2019/mr-19-12.html
Regulators Release Feedback on Financial Institutions' Preparation for LIBOR Transition
8 Apr 2020
Media Releases
Joint Media Release Regulators Release Feedback on Financial Institutions' Preparation for LIBOR Transition. ... Use of LIBOR beyond the end of 2021 poses significant reputational, operational and legal risks for institutions.
https://www.rba.gov.au/media-releases/2020/mr-20-12.html
Regulators expect Australian institutions to cease the use of LIBOR in new contracts before the end of 2021
4 Jun 2021
Media Releases
Regulators in Australia are reiterating the importance of ensuring a timely transition away from the London Interbank Offered Rate (LIBOR).
https://www.rba.gov.au/media-releases/2021/mr-21-10.html
Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement
12 Oct 2020
Media Releases
Regulators and industry are taking further steps to transition away from LIBOR, which is expected to cease after the end of 2021.
https://www.rba.gov.au/media-releases/2020/mr-20-25.html
Media Releases – 2021
2 Feb 2021
Media releases
issued in 2021
https://www.rba.gov.au/media-releases/2021/
Media Releases – 2020
31 Dec 2020
Media releases
issued in 2020
https://www.rba.gov.au/media-releases/2020/
Robust Fallbacks Required for BBSW Securities
13 Sep 2021
Media Releases
From 1 December 2022, robust fallbacks will be required for securities that reference BBSW to be eligible as collateral in the Reserve Bank's market operations.
https://www.rba.gov.au/media-releases/2021/mr-21-20.html
Media Releases – 2019
31 Dec 2019
Media releases
issued in 2019
https://www.rba.gov.au/media-releases/2019/
Preparation for LIBOR transition ‘Dear CEO’ letter feedback
8 Apr 2020
Media Release
PDF
228KB
Media Release 2020-12
https://www.rba.gov.au/media-releases/2020/pdf/2020-12-public-feedback-preparation-for-libor-transition.pdf