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