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. The decision follows a consultation in Dec 2020 led by ICE Benchmark Administration, which compiles and oversees the daily rate. Hong Kong is also developing an alternative rate. As of Sep 2020, there were HK$4.8
Let's personalize your content