Long live Libor

Author: Lizzie Meager | Published: 26 Feb 2019

Regulators, particularly those in the UK, have reiterated the same point so many times now: that the days of Libor, the infamous, ill-fated interest rate, are numbered. They have repeated it so many times – at so many conferences and dinners and meetings, in so many cities – that "usage of Libor has a hard stop of end-2021" may well be seared into the minds of finance professionals worldwide.

However, speaking at the International Swaps and Derivatives Association's annual legal forum in January, Financial Conduct Authority (FCA) director...