Financial Services Financial Services

Libor transition was smooth but USD contracts need end plan, finance standard-setter says

The global finance industry should now shift its attention to ending US Dollar contracts as banks move away from the London Interbank Offered Rate, or Libor, the Financial Stability Board said today.
The sector was supposed to switch to alternative risk-free rates by the end of 2021, following Libor rigging

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

Discover MLex

Stay on top of global regulatory developments

Latest News