NEWSLETTER: Banking Sector – Issue 84

15 June 2021


Welcome to Issue 84 of our Banking Sector Newsletter. In this issue we refer to an article on Australian financial regulators reiterating the importance of a timely transition away from the London Interbank Offered Rate (LIBOR) and that the use of LIBOR in new contracts must end by the end of 2021.

We also refer to an Australian Banking Association article that explores how COVID-19 has changed the way people pay for their goods. It analyses Reserve Bank of Australia data and finds the use of debit cards has jumped by 17% in 2020 while cash withdrawals have fallen.

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