Regulation

What’s next for Libor – 2021 marks the end for the world’s most important number

Less than one month remains for a rate that underpins vast swathes of financial markets

December will be the last month for the London Inter-Bank Offered Rate – well, kind of
December will be the last month for the London Inter-Bank Offered Rate – well, kind of Photo: Getty Images

The end of 2021 will mark the end of Libor… well, kind of.

After years of discussion and regulatory guidance, December will be the last month for the London Inter-Bank Offered Rate — dubbed the world’s most important number.

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