The UK Needs Safe Harbors For Libor's Wind-Down

By Thomas Baxter and Sir William Blair (March 26, 2021, 4:22 PM EDT) -- Libor, which according to some is the most important number in finance, will begin going away at the end of the year. The official sector is largely responsible for Libor's coming disappearance, and rightly so, given that the lack of an active underlying market. It is the steady drying up of the market, especially in certain maturities or tenors, that has rendered Libor no longer sustainable....

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