Clifford Chance
LIBOR - the beginning of the end?
28 July 2017
Although a bedrock of the financial markets for over 30 years, LIBOR has been under pressure ever since the Wheatley Review, and a speech by Andrew Bailey, Chief Executive of the UK's Financial Conduct Authority on 27 July heralds its potential demise. Market participants need to prepare for the likelihood that LIBOR will cease to exist by the end of 2021. This briefing explains why and assesses the practical and documentary implications.
