Blog: End of an Era for LIBOR Opens the Way for AONIA to Make its Mark in Australia – Regulation Asia

Five years ago today, the regulator of the London Interbank Offered Rate (LIBOR) declared that the world’s most widely used interest rate for pricing financial contracts was likely to end.

The statement on 27 July 2017 by Andrew Bailey, then chief executive of the UK Financial Conduct Authority and now Governor of the Bank of England, had huge significance.