Coronavirus could impact LIBOR transition: Bank of England
Dubbed ‘the world’s most important number’, the transition away from the scandal-tainted index could now be set back by the coronavirus crisis
It was due to meet its demise at the end of 2021, but now analysts and regulators are saying they may need ‘a little more wiggle room’ to make a successful transition away from the scandal-tainted LIBOR benchmark.
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