Bigger than Brexit: Libor replacement creates new headaches
As regulators urge the industry to use a different benchmark from 2021, questions remain over how trillions in contracts will be affected
By
Lucy McNulty
and
Samuel Agini
Wednesday 8 November 2017 at 00:01
Whisper it quietly, but for a large section of the UK financial services sector there is an operational challenge looming that is greater than Brexit.
It comes in the form of a benchmark used to price more than $350tn of financial products around the world.
