Financial Services Financial Services

Non-Libor countries must 'grapple with' how to approach cross-currency US Libor swaps, BOE official says

By Neil Roland
  • 26 Jul 2021 13:45
  • 26 Jul 2021 13:45
Jurisdictions other than the UK, Japan and Switzerland will have to “grapple with” how to treat cross-currency swaps involving US dollar Libor as a year-end expiration date for the benchmark approaches, a Bank of England official said.
Authorities in the US, UK, Japan and Switzerland have endorsed (see here)

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Neil Roland

Senior Correspondent


Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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