Replacing Libor: weary swaps market eyes long to-do list

New timeline focuses minds on product and contract gaps – but some end-users want to stay put

For the past year, banks have been badgering clients to comply with new margining rules for non-cleared over-the-counter derivatives – an exercise that by some estimates has required hundreds of thousands of documents to be amended, and is finally drawing to a close.

It looks likely to be a brief respite. On July 27, the UK’s Financial Conduct Authority (FCA) announced it would no longer compel banks to support the Libor family of interest rates from the end of 2021, raising the possibility

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here