No one said replacing Libor would be easy, but the cumbersome process remains on track despite setbacks including the pandemic, regulators and investors say
No one said replacing the London interbank offered rate would be easy, but many regulators and investors contend the cumbersome process remains on track despite setbacks including the coronavirus pandemic.
Deeply rooted in markets after decades and linked to trillions of dollars of financial products, Libor is slated for replacement by the end of 2021. Policy makers and regulators moved to scrap the benchmark after concluding it was balky and prone to manipulation, as exposed by a 2012 scandal that led to convictions for some...
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