Libor Telethon: leaving Libor behind and clearing legacy Libor swaps

The end of 2021 brought the demise of Libor, and only now is it being revealed if markets were ready for the transition.

While five US dollar Libor fixings will remain in place until June 2023, regulators insist that no new Libor risk should be traded after the end of 2021. The implications for products with floating rates beyond the Libor phase-out are huge. 

From September to December 2021, Risk.net hosted monthly Libor countdown clinics, with audience participation, speaking to those in the know about what’s left to do, what’s ahead, what they’ve done and how they’ve done it.

This clinic explores the impacts of moving on from Libor and how to clear legacy Libor swaps in an interview with Phillip Whitehurst, head of service development, rates, at LCH.

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