Sector Regulation Sector Regulation

Financial firms still referencing Libor are 'imprudent,' says BOE's markets lead

By Fiona Maxwell
  • 09 Dec 2020 07:34
  • 24 Feb 2021 04:57
Financial institutions still using the London Interbank Offered Rate, or Libor, now that its expiry date has been set in stone are “imprudent,” the Bank of England’s executive director for markets has warned.

The phaseout of the benchmark brings “challenging goals” including deadlines last September and next March for the finance industry to

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