Be prepared: Libor could vanish in 3 years, central banker warns
With the world's key interest rate benchmark set to disappear as soon as 2021, those expecting an easy transition risk a rude awakening, a top Australian official says.
Corporations and financial institutions hoping there will be an easy replacement for Libor – or relying on a smooth transition to an alternative benchmark – could be in for a rude awakening when banks may cease to support the benchmark after 2021, a central banker has warned
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