End of Libor: what next?

Author: | Published: 21 Sep 2017

It was only a matter of time until the benchmark was set to come to an end. But what could possibly replace this much criticised rate? IFLR finds out

What should replace Libor?

The summer of 2017 may go down in the memories of bankers and lawyers the world over for many reasons. Brexit got into full swing, implementing the steady stream of seemingly endless EU regulations came to a head – we are thinking about you, revised Markets in Financial Instruments Directive – and it was the 10-year anniversary of what got everyone into this whole mess: the global financial crisis.

But it was also the beginning of the end for the world's most important number. At the end of July, the UK's financial regulator, the Financial Conduct Authority (FCA), announced that it would be scrapping the London Interbank Offered Rate, or as it is more commonly known, Libor.

Libor, which...


 

 

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