Libor may linger as regulators ‘change tune’

CFTC and FCA suggest benchmark could be kept alive to avoid cash market chaos

time-clocks
After CFTC and FCA comments, could different products have different Libor timelines?

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 Schooling Latter, director of markets and wholesale policy at the Financial Conduct Authority (FCA),

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: