Central Banking

‘Clock ticking’ for Australian institutions exposed to Libor – RBA’s Kent


Australian financial institutions may not be prepared for the transition away from Libor, one of the central bank’s most senior officials has warned.

Speaking in Sydney today (March 19), assistant governor Christopher Kent said the “clock is ticking” for institutions with exposures to the London Interbank Offered Rate.

“A path for transition away from Libor has been cleared,” he said, but he noted changes being undertaken in the Australian market may not be enough.

To replace Libor

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: