“Subject to the outcome of IBA’s consultation launched last Friday, the LIBOR panels for sterling, yen, Swiss Franc, euro and the less heavily traded dollar tenors will cease at the end of 2021. And, although the panels for more heavily used US dollar settings will stick around for a short while longer, the US and […]
Libor
LIBOR: entering the endgame – speech by Andrew Bailey (Bank of England)
“Plans now need to be in place to transition from Libor to alternative reference rates by end 2021. With 18 months to go these plans must now be acted upon in the time remaining.” – by Andrew Baily (Governor, Bank of England)
Libor Transition Plans Could Take Hit From COVID-19 Turmoil (Law 360)
“But depending on how much additional stress the pandemic puts on the financial system in the next two quarters, Chorazak said banking regulators could feel compelled to dial back their expectations for planning progress.” – by Jon Hill