The RBA will adjust the way it sets interest rates for repo transactions with banks and shorten the maximum tenor to four weeks.
February 28, 2022ADIs have until 31 July 2022 to develop tactical solutions to implement zero and negative market interest rates and cash rate.
October 31, 2021The ATO has set out in a discussion paper the most common tax consequences that may arise from the transition from LIBOR to RFRs.
August 20, 2021The RBA’s first-ever quantitative easing programme was due to expire in mid-April. It will now be extended until at least October.
February 3, 2021The time taken to pass on announced interest rate reductions to customers varied across the big four banks, with revenue being a key motivator. CBA consistently had the longest lag period.
April 27, 2020Existing Libor-referencing contracts that don’t have robust fallback provisions in place will be tied up in very lengthy disputes, warned the RBA’s Christopher Kent at ISDA’s Australia Conference.
October 24, 2019Firms should be aware of the size and nature of their LIBOR exposures, put in place robust fall-back provisions in LIBOR contracts, and be taking action to transition to alternative rates.
May 10, 2019