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News: The future of LIBOR

27 July 2017 | Financial Conduct Authority Feed
 

Speech by Andrew Bailey, Chief Executive of the FCA, at Bloomberg London.

This is quite a big deal - that the underlying unsecured market on which LIBOR is based seems to have dried up in certain tenors.  Worth a read as the transition to another benchmark from LIBOR would involve massive work across the industry to replace LIBOR in some form or another.

Bill.

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