NEWSLETTER: Banking Sector – Issue 73

14 December 2020

Publications

Welcome to Issue 73 of our fortnightly Banking Sector Newsletter, our last for 2020. In this issue, the Reserve Bank of Australia says that buy now, pay later providers can continue to prevent retailers imposing a surcharge when shoppers use their services but as these services grow in popularity, they could be forced to play along the same rules as credit card companies.

In other news, ASIC has issued an information sheet on managing conduct risk during the London Interbank Offered Rate (LIBOR) transition.

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