LIBOR

Clock keeps ticking for Libor

Authors: Beppe Degiorgio
Published on June 5, 2019
Tags:
Practices: Banking Regulatory
As I wrote in my article in the Times of Malta on 21 November 2017, the London Interbank Offered Rate, Libor, (which measures the cost of unsecured borrowing between banks for a specific period) is expected to be phased out by 2021 and given its widespread use, this is proving to be a gargantuan task.

Time is running out for LIBOR

Authors: Beppe Degiorgio
Published on November 23, 2017
Tags: ,
Practices: Financial Markets Regulation
The London Interbank Offered Rate (LIBOR) has been used as a standard reference for the pricing of loans, derivatives and other contracts that have a floating rate for the past three decades, making it a keystone of the world’s financial markets; at its peak it was used to price $350 trillion of financial products, from mortgages to derivatives.