This landing page is intended as a resource to enable ACT members and treasury practitioners convenient access to a range of materials covering the reform/replacement of LIBOR.
Although the reform of the LIBOR benchmarks has been ongoing since 2014, and the identification of alternate risk-free rates for use primarily in derivatives markets was a work in progress, a speech by Andrew Bailey, Head of the FCA in July 2017 effectively fired a shot across the bows of the financial markets when he announced that LIBOR submissions would not be ‘guaranteed’ post 2021.
This is a highly technical area, but one that falls squarely within the remit of the treasurer.
There is a real risk that LIBOR will cease to be published in 2021, and as a result all contracts referencing the benchmark will need to be re-drafted.
The resources on this page are divided into:
- the official publications from the regulators1,
- materials developed by the ACT either in partnership with other interested parties or for our own account, and
- third party content which we consider to be particularly helpful.
Please send any content you would like to be considered for inclusion on this page by email to: email@example.com.
From the Regulators
From the ACT
Third party resources
- 1. Regulators in this context refers to all the governmental or quasi- governmental decision makers – strictly speaking this is beyond the pure regulators.