Libor to End in 2021 as FCA Says Bank Benchmark Is Untenable

Libor, the benchmark underpinning more than $350 trillion of financial products, will be phased out by the end of 2021, as U.K. regulators and banks look to replace the scandal-tarred indicator with a more reliable system. Andrew Bailey, the head of the Financial Conduct Authority, said Thursday ...

Libor to End in 2021 as FCA Says Bank Benchmark Is Untenable