Published On: October 11th, 2021Categories: Trade Ideas
As already explained in our “Libor Transition” publication last year, central banks and regulators have taken measures to transition cash securities and derivatives away from LIBOR, which is being phased out to transition to risk-free rates. Despite the pandemic, the ICE Benchmark Administration’s consultation last December indicated that it will cease the publication of LIBOR in GBP, EUR, CHF, and JPY as well as 1-week and 2-month USD Libor at the end of 2021. In March 2021, the FCA confirmed that most LIBOR panels would cease immediately after 31/12/2021. In this note, we have decided to review the recent issues of the LIBOR transition.