What Libor reform will change – and what it won’t

What Libor reform will change – and what it won’t

tony-clifford
Tony Clifford

For a period of almost three months – from the announcement of a UK government-commissioned review of Libor on July 2, to the publication of the review’s findings on September 28 – the banking industry was on the edge of its seat, and derivatives markets were on the edge of chaos. Switching to a new benchmark – one of the options the review was required to consider – could have triggered legal disputes on contracts estimated to have a gross notional value in excess of $300 trillion.

That danger

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

If you already have an account, please sign in here.

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: