As of March 2018, LIBOR was calculated for ten currencies:
- American dollar,
- euro,
- British pound sterling,
- Australian dollar,
- Danish crown,
- New Zealand dollar,
- Swiss franc,
- Japanese yen,
- Swedish krona and
- Canadian dollar.
In March 2021, UK regulators began the last countdown for the Libor rate, ordering banks to be ready for the end date of the benchmark, which has been at the center of the international financial system for decades.
The final data for most rates will be published at the end of 2021, December 31.
"Outside the U.S. dollar markets, this marks the end of the game," said Claude Brown, a partner at Reed Smith LLP in London. "The course that connected the world and then shocked the world will leave this world in 2021."
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |