Sector Regulation Sector Regulation

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 scandals at banks

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