Sector Regulation Sector Regulation

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) a Sept. 21 conversion

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