LIBOR Rates to Cease in June 2023
Tuesday, March 9, 2021 On March 5, 2021, in a series of highly coordinated cross-border announcements, regulators on both sides of the Atlantic announced the future cessation of various London Interbank Offered Rates ( LIBOR) rates. These announcements were further augmented by statements issued by various industry groups such as LSTA and ISDA as well as the LIBOR administrator. The bottom line is that for USD LIBOR, the one-day, one-month, six-month and one-year LIBOR rates will cease publication in June 2023. Meanwhile, the one- and two-week USD LIBOR rates will cease publicatio...
Source: natlawreview.com