Final countdown for Libor has begun
Future CFO
MARCH 8, 2021
As a result, banks will no longer need to feed daily numbers in to Libor’s calculation from Jan 2022. According to the FCA, banks will have time — until June 2023 — to extricate themselves from US$200 trillion of contracts tied to Libor. Hong Kong is also developing an alternative rate. As of Sep 2020, there were HK$4.8
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