A key focus in 2020 for many Westpac customers is preparation and planning for LIBOR transition. While there is a level of uncertainty in the market around the timing of LIBOR cessation, several regulators globally encourage all customers to prepare for LIBOR ceasing after the end of 2021. Moving from LIBOR to Alternative Reference Rates (ARRs) is a complex exercise, requiring coordination of multi-faceted changes across organisations, all of which vary depending on the size and complexity of your business. Presented below are five potential considerations for your organisation’s LIBOR transition journey. These are ... (full story)