Libor may linger as regulators ‘change tune’
CFTC and FCA suggest benchmark could be kept alive to avoid cash market chaos
International regulators appear to be coming round to the idea that Libor may have to be kept alive to avoid chaos in some loan and bond markets after the end of 2021, when its contributor banks would otherwise be free to abandon it. Observers warn that allowing the benchmark to continue for some products would make life difficult for any accompanying hedges.
In a January 28 speech, Edwin
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