Countdown to 2021: what you need to know about the phasing out of LIBOR


In July 2017, the Financial Conduct Authority signalled the potential discontinuation of LIBOR beyond 2021. This kick-started significant activity around the globe to consider the implications and prepare for transition to alternative benchmarks.

One year later, Andrew Bailey, CEO of the FCA, further reinforced the message that market participants should not rely on LIBOR's continuation beyond 2021, and are strongly encouraged to make plans for transition.

But what does a transition from LIBOR to an alternative benchmark mean for those using the trillions of dollars of financial products and contracts around the globe which reference LIBOR?

Albert Shamash, Managing Director, Business Development & Innovation, Financial Institutions, and Steve Bullock, Head of Benchmark Submission and Supervision, Group Corporate Treasury, analyse in our latest September report.

Our September edition of Countdown to 2021 includes information on changes to the EONIA benchmark methodology from October 2019 and changes to its publication timing. Further details can also be found in the Reference Materials.

LIBOR: the countdown to 2021

Helping business understand and prepare for the phasing out of LIBOR beyond 2021

LIBOR September 2019

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IBOR Transition Reference Materials

This document supports the Countdown to 2021 document with reference materials from February 2019 onwards divided by location and currency.

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