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LIBOR phased out by year endBY ELIZABETH MCARTHUR | FRIDAY, 4 JUN 2021 12:48PM
Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021.
Read more: ASIC, USD LIBOR, APRA, ANZ, Cathie Armour, Christopher Kent, Derivatives Association, Financial Stability Board, International Swaps, London Interbank Offered Rate, Reserve Bank of Australia, Royal Bank of Scotland
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The $12 billion industry fund is upping insurance premiums from November.
A former Goldman Sachs executive will join Ord Minnett as head of equities in December.
In a win for financial advisers, the Design and Distribution Obligations (DDO) regime will scrap the nil-reporting rule.
ME Bank has appeared in Federal Court, facing criminal charges for allegedly making false and misleading representations in letters to its home loan customers.
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