ASIC - LIBOR Transition In The Asia Pacific Region: Time Is Running Out Date 27/05/2021 Nathan Bourne, ASIC’s Senior Executive Leader, Markets Infrastructure, recently spoke about the London Inter-Bank Offered Rate (LIBOR) transition at a webinar hosted by Bloomberg Professional Services and the International Capital Market Association (ICMA) to launch their Guide to Tough Legacy Bonds in Asia Pacific. The webinar examined the current state of play in relation to so-called ‘tough legacy’ issues in bond markets in the Asia Pacific region. ASIC considers LIBOR transition to be a significant priority. To ensure a smooth changeover after 31 December 2021, it’s vital that firms and regulators alike continue to prioritise this important work.